An assets book value is $36,000 on January 1 Year 6. The asset is being depreciated $500 per month using the straight-line method Assuming the asset is sold on July 1. Year 7 for $25,000, the company should record: Multiple Choice A loss on sale of 52,000 A loss on sale of $1000 Again on sale of $2.000 Neither again or loss is recognized on the type of transaction Again on sale of 1000