Equipment, December 31, 2022	$78,000
Equipment, December 31, 2023	$86,000
Accumulated Depreciation, December 31, 2022	$47,000
Accumulated Depreciation, December 31, 2023	$36,000

During 2023, the Company sold equipment for $10,000, which had a cost of $36,000 and accumulated depreciation of $30,000. How much of a gain or loss would be recognized on the sale of equipment?

Select one:

a. Loss of $4,000

b. Gain of $4,000

c. Loss of $6,000

d. Gain of $6,000

e. Gain of $11,000