Question 23 New Ecker Company purchased a new machine on May 1, 2011 for $528,000. At the time of acquisition, the machine was estimated to have a useful life of ten years and an estimated salvage value of $24,000. The company has recorded monthly depreciation using the straight-line method. On March 1, 2020, the machine was sold for $72,000. What should be the loss recognized from the sale of the machine? Select one: a. $0. b. $10,800 c. $24,000 d. $34,800