Crane Companypurchased a new machine on May 1, 2009 for $540000. At the time of acquisition, the machine was estimated to have a useful life of ten years and an estimated salvage value of $18000. The company has recorded monthly depreciation using the straight-line method. On March 1, 2018, the machine was sold for $66000. What should be the loss recognized from the sale of the machine?

$30900.

$0.

$18000.

$12900.