Equipment was Pure $14,000, determine O a. A loss of $8,000 0 b. A gain of 514,000 0 c. A gain of $8.000 0 d. A loss of $14,000
lased at a cost of $70,000. It had an estimated useful life of eight years and a residual value of 56.000. the coin or loss on the sale of the equipment. (Assume the straight line depreciation method.)
Assuming the equipment was sold a
the end of Year ofarc.