Knight Company purchased a new machine on May 1, 2014 for $98.000. At the time of acquisition the machine was estimated to have a useful life of ten years and an estimated salvage value of $8.000. The company has recorded monthly depreciation using the straight-line method. On March 1, 2023, the machine was sold for $12.000 What should be the loss recognized from the sale of the machine? Select one O a. No loss a gain is realized b. $1,800 O c. $6,500 O d. $5,000 O e. $14,000 Which item is considered in the depreciation of an asset by the Units-of-Output method that is not considered by other methods? Select one: a. Salvage Value b. Present Value of future cash flows O Amortized Cost O d. Amount of goods that the asset products @ e Cost of any improvements to the asset Net income is overstated if, in the first year, estimated salvage value is excluded from the depreciation computation when using which methods Select one: a. Straight-line method and Units-of-Output method O b. Units-of-Output method, but not Straight-line method c. Straight-line method, but not Units-of-Output method O d. Neither Straight-line nor Units of Output method