Question 5 Not yet answered A machine costing $72,000, estimated useful life of five years, and residual value of $12,000, is depreciated by the straight-line method. This asset is sold for $50,000 at the end of the second year of use. The gain or loss on the disposal (indicate by "G" or "L") is $ Marked out of 2.00 Flag question SHOW YOUR CALCULATIONS A- B I !!! III 8 ALC 5 tv . MacBook Air