Getz Company purchased a new machine on September 1,2022 , at a cost of $120,000. 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. Assume the doubje-declining balance method is used. What amount of gain or loss would Getz recognize if they sell the asset for 545,000 on 1/1/25 ? Solution List of Accounts