A machine has a cost of $17,700, an estimated residual value of $4,020, and an estimated service life of ten years. The machine is being depreciated on a straight-line basis. At the end of the year 2. what amount will be reported for accumulated depreciation? $1,368 $3,540 $2.736 o o $14,964 Question 30 2 pts Strawberry Fields purchased a tractor at a cost of $50,000 and sold it two years later for $26,000. Strawberry Fields recorded depreciation using the straight-line method, a five-year service life, and an $6,800 residual value. What was the gain or loss on the sale? Loss, $6,720 Loss, $24,000 Gain. $25,000 Gain, $17,280 MacBook Pro