A company purchased a back hoe at a cost of $$39,000$ and sold it two years later for $$25,700.$ Depreciation was recorded using the straight$-$line method, a five$-$year service life, and an $$9,000$ residual value.

$1.$ What was the gain or loss on the sale?

$2.$ Record the sale.A company purchased a back hoe at a cost of $$39,000$ and sold it two years later for $$25,700.$ Depreciation was recorded using the

straight$-$line method, a five$-$year service life, and an $$9,000$ residual value.

What was the gain or loss on the sale?

Record the sale.

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What was the gain or loss on the sale?

on sale