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Oriole Company purchased a new machine on May 1, 2009 for $554400. At the time of acquisition, the machine was estimated to have a useful

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Oriole Company purchased a new machine on May 1, 2009 for $554400. At the time of acquisition, the machine was estimated to have a useful life of ten years and an estimated salvage value of $18000. The company has recorded monthly depreciation using the straight-line method. On March 1, 2018, the machine was sold for $80400. What should be the loss recognized from the sale of the machine? $18000. O $18180 O $180. $0

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