Equipment was sold for $40,000. The equipment was originally purchased for $75,000. At the time of the sale, the equipment had accumulated depreciation of $50,000. Calculate the gain or loss to be recorded on the sale of equipment. A) Gain of $10,000 B) Loss of $15,000 C) Loss of $35,000 D) Gain of $15,000 Select one: OA D OB tic.docx 5 Binomial Distribu..pdf code switch pdf.pdf A Second Practic docx New Practice M.doc 18 MacBook Pro