39 1.33 points look Nike owns equipment that cost $99,500 with accumulated depreciation of $68,000. Nike asks $36,500 for the equipment but sells the equipment for $34,000. Compute the amount of gain or loss on the sale. Multiple Choice $5,000 loss $3.050 gain. $2,500 loss, $5,000 gain Multiple Choice $5,000 loss. $3,050 gain. $2,500 loss. $5,000 gain. $2,500 gain