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Marco Ltd. purchased a machine on January 1, 20x4 for $239084 with an estimated useful life of 6 years and an estimated residual value of

Marco Ltd. purchased a machine on January 1, 20x4 for $239084 with an estimated useful life of 6 years and an estimated residual value of $27835. The company disposed of the machine on January 1, 20x8 for $117494. What amount should the gain to be recognized on disposal be? Assume the double declining balance method of depreciation is used. Select one: a. $61891 b. $75766 Oc. $86010 d. $70268 Check

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