Belanger Ltd. has decided to sell an old piece of equipment. The equipment was originally purchased in 2012, and at the time, had an estimated residual value of $23,000. By December 31, 2021, the equipment, which had originally cost $256,000, had accumulated depreciation of $230,300. If the equipment was sold on January 1, 2022 for $27,600, there would be a:

Question 7 options:

	Loss of $4,600
	Gain of $4,600
	Gain of $1,900
	Loss of $1,900