Answer: Practice Question 36 On June 1, 2017, Brislin Company sold some equipment for $22,000. The original cost was $80,000, the estimated salvage value was $8,000, and the expected useful life was 8 years. The equipment was fully depreciated. How much is the gain or loss on the sale? a. $850 loss b. $50,000 loss c. $5,400 gain d. $14,000 gain