32) The book value of equipment: A) Decreases with the passage of time. B) Increases with the passage of time C) Remains the same with the passage of time. D) May increase or decrease depending upon the economy. bor owns equipment with historical cost of $18,600; the accumulated depreciation now $10,000. IF the equipment is sold for $9,100, what amount of gain or loss wil 33) Tim be recognized at the time of this sale? A) A loss of $800 C) A loss of $9,500 B) A gain of $900. D) A gain of $500