Business Services Ltd's year end is 31 December. On 1 July 20X1, they purchased a machine at a cost of 65,744. At the time, they estimated that the machine had a useful life of 8 years and no residual value. On 1 January 20X5 Business Services Ltd sold the machine for 46,200. Business Services Ltd have a policy of charging depreciation based upon the number of months an asset has been owned. Did Business Services Co make a profit or a loss on the sale of the machine? Choose... + (Select your answer in the dropdown menu) What was the value of the profit or loss? (Enter the value with no sign, comma or decimal places) Choose... Profit Loss