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An asset's book value is $19,500 on December 31, Year 5. The asset has been depreciated at an annual rate of $4.500 on the straight-line method. Assuming the asset is sold on December 31, Year 5 for $16.500, the company should record: Multiple Choice 0 A loss on sale of $3.000. 0 A loss on sale of $3,750. o o Again on sale of $3,750. O A gain on sale of $3.000 O Neither a gain nor a loss is recognized on this type of transaction A company discarded a computer system originally purchased for $8,750. The accumulated depreciation was $6.450. The company should recognize a (an): Multiple Choice $0 gain or loss. S2300 I $2300 gain. $8,750 gain. $6.450 loss