Machine J was bought on 1 January 2019 at a cost of $58,000. It had a useful life of 8 years and a nil residual value. The straight-line method of depreciation is used. On 31 March 2020, machine J was sold to a buyer for $8,000. What is the disposal gain/loss of the machine J? A $48,937 B. None of the options C. $50,000 OD $7.250 E -$40,937 (5%)