Orton Corporation, Which Has a Calendar Year Accounting Period, Purchased

Multiple Choice

Orton Corporation, which has a calendar year accounting period, purchased a new machine for $60,000 on April 1, 2010. At that time Orton expected to use the machine for nine years and then sell it for $6,000. The machine was sold for $33,000 on Sept. 30, 2015. Assuming straight-line depreciation, no depreciation in the year of acquisition, and a full year of depreciation in the year of retirement, the gain to be recognized at the time of sale would be

A) $6,000.
B) $4,500.
C) $3,000.
D) $0.