Global Positioning Net purchased equipment on January 1, 2016, for $9,000. Suppose Global Positioning Net sold the equipment for $6,000 on December 31, 2017. Accumulated Depreciation as of December 31, 2017, was $4,000. Journalize the sale of the equipment, assuming straight-line depreciation was used. First, calculate any gain or loss on the disposal of the equipment. Market value of assets received Less: Book value of asset disposed of Cost Less: Accumulated Depreciation Gain or (Loss)