Halle is the equipment manager at Collins Inc and needs to dispose of a long term asset. If the company disposes of the long term asset which has a book value of $84,000 for $78,000 in cash then: Halle is the equipment manager at Collins Inc and needs to dispose of a long term asset. If the company disposes of the long term asset which has a book value of $84,000 for $78,000 in cash then: A Gain of $6,000 is recorded. A Loss of $6,000 is recorded. A Loss of $78,000 is recorded. A Loss of $84,000 is recorded