Monica Inc. has decided to sell a piece of machinery that they no longer use in their production process. On January 1 2018 Monica sells the machinery

Favorites FINAL ECAM AM Sed Help Save & Exit Submit Monica Inc. has decided to sell a piece of machinery that they no longer use in their production process. On January 1, 2018, Monica sells the machinery for $25,200. When the machine was purchased on January 1, 2016, Monica Inc paid $45.200 including the cost of freight and installation. The machine was estimated to have a useful life of 5 years with no residual value. Monica Inc. will include which of the following when recording the sale of the equipment: Multiple Choice O O again of $25,200 would be recorded. o loss of $1920 would be recorded O again of 51.920 would be recorded O O a loss of $20,000 would be recorded