4:51 Back BBM206/03 Quiz 1 (July 20... Time left 00:56:... Question 1 Not yet answered Marked out of 4.00 An asset's carrying amount is RM36,000 on January 1, Year 6. The asset is being depreciated RM500 per month using the straight-line method. Assuming the asset is sold on July 1, Year 7 for RM25,000, the company should record: Select one: a. Neither a gain or loss is recognized on this type of transaction. b. A loss on sale of RM1,000. C. A gain on sale of RM2,000. d. A loss on sale of RM2,000. Clear my choice Next > A =