Current Attempt in Progress Skysong Company purchased a new machine on September 1, 2022, at a cost of $125,000. The company estimated that the machine will have a salvage value of $12,000. The machine is expected to be used for 10,000 working hours during its 5-year life. b (b) c) (d) d (e) Assume the double declining balance method is used. What amount of gain or loss would Skysong recognize if they sell the asset for $50,000 on 1/1/25 $ e Textbook and Media List of Accounts