20)

20. Amanda Company purchased a computer that cost $10,000. It had an useful life of five years and a residual value of $1,000. The computer was depreciated by the straight-line method and was sold at the end of the third year of use for $5,000 cash. estimated How much of a gain or loss should Amanda record? a. A gain of $1,000. b. A loss of $5,000 c. A gain of $400. d. A loss of $400