14. value: 3.33 points An asset's book value is $46,800 on January 1, Year 6. The asset is being depreciated $650 per month using the straight-line method. Assuming the asset is sold on July 1, Year 7 for $34,100, the company should record: Neither a gain or loss is recognized on this type of transaction. O A gain on sale of $1,000 O A loss on sale of $500 O Again on sale of $500 O Aloss on sale of $1,000