[The following information applies to the questions displayed below.] During the current year, Merkley Company disposed of three different assets. On January 1 of the current year, prior to the disposal of the assets, the accounts reflected the following: Asset Original Cost Residual Value Estimated Life Accumulated Depreciation (straight line) Machine A $ 24,000 $ 3,000 10 years $ 16,800 (8 years) Machine B 69,000 4,000 8 years 48,750 (6 years) Machine C 75,000 5,300 16 years 52,275 (12 yea