Question 11 (4 points) Saved On December 31, Strike Company sold one of its batting cages for $55,000. The equipment had an initial cost of $310,000 and has accumulated depreciation of S260,000. Depreciation had been taken up to the end of the year. What is the amount of the gain or loss on this transaction? (Enter loss as a negative number, for example: -200). Your Answer: 5,000 Answer Question 12 (4 points) Machinery was purchased on January 1 for $52,000. The machinery has an estimated life of 8 years and an estimated salvage value of $8,000. Double-declining balance depreciation for the second year would be (show your answer as a whole dollar amount with no S sign): Your