ABC Catering Service purchased equipment on January 1, 2020. for $97.164 Supporo ABC Catering Service sold the equipment for $39.000 on December 31, 2021. Accumulated amortization of December 31, 2021,wa 516,358. Journakre the sale of the equipment, assuming straight line abortization was used First, cakulate any gain or loss on the disposal of the ment Market value of assets received Less Book value of asset disposed of Cost Less Accumulated Amortization Gaino (Loss)