Acquisition cost	$132,000
Date of purchase	1-Apr-20
Date put into use	1-May-20
Estimated useful life in years	5
Estimated residual value	$18,000
Date of disposal	1-Jul-24
Proceeds of disposal	$58,000

What is the gain or loss on the disposal? If a loss, enter as a negative number i.e. as -1000). If a gain, enter as a positive number i.e., as 1000). Question 9 (4 points) How will the disposal of the machine be recorded? Ignore the partial-year depreciation entry. Select all that apply. (4 marks) a) Increase Depreciation Expense b) Decrease Gain on Disposal c) Decrease Equipment d) Increase Equipment e) Increase Loss on Disposal f) Decrease Depreciation Expense g) Increase Cash h) Decrease Cash |i) Decrease Accumulated Depreciation Oi) Increase Gain on Disposal k) Decrease Loss on Disposal 1) Increase Accumulated Depreciation