6. Return to Amirs original purchase date of July 1, 20X5. Assume that Amir uses the straight-line...

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6. Return to Amir’s original purchase date of July 1, 20X5. Assume that Amir uses the straight-line method of depreciation and sells the equipment for $44,500 on July 1, 20X9.

The result of the sale of the equipment is a gain (loss) of

a. $3,500.

c. $ (15,500).

b. $8,500.

d. $0.

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