An asset's book value is $18.300 on December 31, Year 5. The asset has been depreciated at an annual rate of $3,300 on the straight-line method. Assuming the asset is sold on December 31, Year 5 for $15,300, the company should record: Multiple Choice Neither a gain nor a loss is recognized on this type of transaction. A gan on sale of $3,000. A loss on sale of $3,000. A gain on sale of $1.950 A loss on sale of $1950