5 The company has been depreciating a machine using straight line deprecation. COST Residual Value Useful life #Years of full year depreciation Date of Sale Partial year dep The machine was sold for DATA $ 49,000 9,000 5 2 6/30 ? Which of the following statements are correct (select only true statements, incorrect choices are penalized)? 35,000 The book value of the asset at the beginning of the year of disposition equals $33,000. They should record a gain on the sale of the machine of $6,000. On 6/30 they should record partial year deprecation of $4,900. They should record neither a gain or a loss. The book value of the asset at the beginning of the year of disposition equals $24,000. They should record a loss on the sale of the machine of $6,000. On 6/30 they should record partial year deprecation of $4,000