An asset's book value is

$19,100

on December 31 , Year 5. Assuming the asset is sold on December 31, Year 5 for

$13,900

, the company should record:\ Multiple Choice\ A gain on sale of

$5,200

.\ A loss on sale of

$5,200

.\ Neither a gain nor a loss is recognized on this transaction.\ A loss on sale of

$12,950

.\ A gain on sale of

$12,950

.

An asset's book value is $19,100 on December 31 , Year 5 . Assuming the asset is sold on December 31 , Year 5 for $13,900, the company should record: Multiple Choice A gain on sale of $5,200. A loss on sale of $5,200. Neither a gain nor a loss is recognized on this transaction. A loss on sale of $12,950. A gain on sale of $12,950