5000 salvage value

B mpany purchased equipment on January 1, 2021. The equipment was recorded at a total cost of $50,000. The asset ha was sold on December 31, 2023 for cash of $24,000. Answer the following questions regarding the disposal of the ass ne book value of the asset at the time of sale (December 31, 2023)? $ 15000 tompany record a gain or a loss on the disposal of the asset? loss (enter either ch is the total amount of gain or loss on the disposal? $ -9000 S