Cost $82,000 $60,000 Purchase Date April 1, 2006 January 1, 2009 Useful Life 6 years 5 years Salvage Value $4.000 $2,000 Depreciation Method Straight-Line Double-Declining Balance Date Sold July 1, 2011 August 1. 2011 Sales Price $20,000 $12,000 Determine the amount of gain or loss on Machine A. $48,250 Loss O $9.752 Gain O $9.500 Loss $10,500 Loss $6,250 Gain