Help Save E 1 An asset's book value is $18,100 on December 31, Year 5. Assuming the asset is sold on December 31, Year 5 for $14.900, the company should record: Multiple Choice :24 Neither a gain nor a loss is recognized on this transaction. A loss on sale of $3,200. A gain on sale of $3,200. A loss on sale of $13,450. A gain on sale of $13,450.