Saved Help Save & Exit Submit An asset was acquired on October 1, 2021, for $92,000 with an estimated five-year life and $22,400 residual value. The company uses units-of-production depreciation and expects the asset to produce 24.000 units Calculate the gain or loss if the asset was sold on March 31, 2024, for $62,000. Actual production was: 2021-400 units, 2022-5,300 units; 2023-6,300 units, 2024 = 1,000 units. Multiple Choice O $18,500 gain $23,000 gain. O e to search $7700 gain. $11.400 gain < Prev 2 of 15 Next >