On January 1, 2018, Dunbar Echo Co sells a machine for $24.200. The machine was originally purchased on January 1 2016 for $42,700. The machine was estimated to have a useful life of 5 years and a residual value of $0. Dunbar Echo uses straight-line depreciation. In recording this transaction Multiple Choice again of $24,200 would be recorded. loss of $1,420 would be recorded. again of $1420 would be recorded. loss of $18,500 would be recorded