A B C D E F G B 9 0 Homework 17-1 Book value plus gain = cash received or book less loss = cash received Montreal purchased a piece of equipment for $22,000 and depreciated it $6,000 They sold it and had a gain of $5,000. How much did they sale the equipment for? Original Cost of equipment sold less: Accumulated depreciation Equals Book value of equipment sold Plus: Gain on sale Cash received from sale of equipment 1 Now assume, they did not sale it for a gain, but sold it at a loss of $6,000. How 2 much did they sale the equipment for? 3 4 5 76 77 78 79 80 Original Cost of equipment sold less: Accumulated depreciation Equals Book value of equipment sold Less: Loss on sale Cash received from sale of equipment