Current Attempt in Progress On January 1, 2009, Marigold Corp. purchased for $738000, equipment having a useful life of ten years and an estimated salvage value of $50400. Marigold has recorded monthly depreciation of the equipment on the straight-line method. On December 31, 2017, the equipment was sold for $130000. As a result of this sale, Marigold should recognize a gain of $10840 $61240. $130000 $0