7 Nguyen Company had a machine that originally cost $10,000. The machine had an estimated use of 5 years and no residual value. The machine was depreciated using the straight-line method and was sold at the end of the fourth year of use for 53.000 cash. The company should record Mode a loss of $7000 neither again nor a loss -- the machine was sold at its book value. a loss of $1000 gain of $1000