19. Avantout inc. uses the straight-line method of depreciation for all of its property, plant and equipment. On December 31, 2018, Avantout sold a piece of equipment that it had purchased on January 1, 2017 for $ 10,000. The useful life of this asset was estimated to be 5 years and a residual value of zero. The equipment was sold for $ 7,500. What is the profit or loss from this sale? (a) Loss of $ 500 (b) Profit of $ 500 (c) Loss of $ 1,500 (d) Profit of $ 1,500 (e) None of the above 20. A company invests 100,000 common shares with a par value of $ 1 per share. The mission of these actions earns the company $ 20 per share. So what will the total increase in equity be as a result of the assignment? (a) $ 100,000 (b) $ 1,900,000 (c) $ 2,000,000 (d) No change in equity (e) None of the above