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Assume the straight-line method is used. What amount of gain or loss would Novak recognize if they sell the asset for $69,000 on 12/31/24? (Round onswer to 0 decimol ploces, eg. 15250\} $ eTextbook and Media List of Accounts Attempts: 0 of 3 used Novak Company purchased a new machine on September 1, 2022. at a cost of $144,000. The company estimated that the machine wil have a salvage value of $14,000. The machine is expected to be used for 10,000 working hours during its 5 -year life. (a) Your answer is correct: Compute the depreciation expense under the Straight-ilne method for 2022.2023, and 2024. (Round answers to 0 decimol ploces, es. 15250 . Depreciation expense for: 2022 s 2023