A machine originally had an estimated useful life of 9 years, but after 3 complete years, it was decided that the original estimate of useful life should have been 13 years. At that point the remaining cost to be depreciated should be allocated over the remaining Multiple Choice 6 years 7 years 13 years Ngu owns equipment that cost $95,300 with accumulated depreciation of $65,200 Ngu asks $35,450 for the equipment but sells the equipment for $33,300. Compute the amount of gain or loss on the sale, Multiple Choice $5.350 gain $3200 gain 55 350 loss