atch the following amounts with the details in problems 1 through 6 below. $1,000 Gain A machine was purchased for $70,000. It has a useful life of 6 years and a residual value of $10,000. Under the straight-line method, what is the annual depreciation expense? $1,000Loss A machine with a useful life of 5 years and a residual value of $4,000 was purchased for $20,000. What is depreciation expense for the second year under the declining balance method? $1,000Loss A company has a machine that it paid $20,000. The accumulated depreciation for the machine is $6,000. If they sell the machine for $2,000, how much gain or loss do they recognize? $1,000 Gain A company has a machine that it paid $20,000. The accumulated depreciation for the machine is $19,000. If they sell the machine for $2,000, how much gain or loss do they recognize? $12,000 Loss If a piece of land is purchased for $10,000 and the purchaser has to also pay $2,000 to remove an old building from the property, the purchaser needs to record it on its books as an asset for what amount? $15,000 A machine with a useful life of 10 years and a residual value of $0 was purchased for $50,000. What is accumulated depreciation after the third year under the straight-line method