al is strictly prohibited and is an unequivocal violation of the McCombs School of Business Code of Ethics and University's policy c ic Dishonesty and Cheating. Question 2 1 pts The Carlile Corporation purchased some equipment on October 1, 2018 for $63,480 that it expects will be useful for eight years at which time it could be sold for $3,000. If the equipment were sold for $35,0bo on December 31, 2020, what amount of gain or loss would the company report on the sale? Use a positive number to indicate a gain or a negative number to indicate a loss. Next Previous EPIC W