Business Services Ltd's year end is 31 December. On 1 June 20x1, they purchased a machine at a cost of 66,608. 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 36,800 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? Loss Select your answer in the dropdown menu) What was the value of the profit or loss? 4830 (Enter the value with no sign, minus sign, comme or decimal places) Business Services Ltd's year end is 31 December. On 1 June 20x1, they purchased a machine at a cost of 66,800. At the time, they estimated that the machine had a useful life of 10 years and no residual value. On 1 January 20X5 Business Services Ltd sold the machine for 37,800, 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? Profit (Select your answer in the dropdown menu) What was the value of the profit or loss? 4400 (Enter the value with no sign, minus sign, comma or decimal places)