Ecker Company Purchased a New Machine on May 1, 2006

Ecker Company purchased a new machine on May 1, 2006 for $352,000. At the time of acquisition, the machine was estimated to have a useful life of ten years and an estimated salvage value of $16,000. The company has recorded monthly depreciation using the straight-line method. On March 1, 2015, the machine was sold for $48,000. What should be the loss recognized from the sale of the machine?

A) $0.
B) $7,200.
C) $16,000.
D) $23,200.