Ngu owns equipment that cost $97,100 with accumulated depreciation of $66,400. Ngu asks $35,900 for the equipment but sells the equipment for $33,600. Compute the amount of gain or loss on the sale. * $5.200 gain. $2,900 Ioss, ( $2,300 gain. $2,900 gain, $5,200 Ioss, Mohr Company purchases a machine at the beginning of the year at a cost of $31,000. The machine is depreciated using the double-declining-balance method. The machine's useful life is estimated to be 5 years with a $4,000 salvage value. Depreciation expense in year 2 is: o o $10,800. o $12,400. o $7,440. o