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S9-10 (similar to) Question Help Pelman Company purchased equipment on January 1, 2018, for $33,000. Suppose Pelman Company sold the equipment for $14,000 on December 31, 2019. Accumulated Depreciation as of December 31, 2019, was $13,000. Journalize the sale of the equipment, assuming straight-line depreciation was used. First, calculate any gain or loss on the sale of the equipment. (Enter a loss with a minus sign or parentheses.) Market value of assets received Less: Book value of asset disposed of Cost Less: Accumulated Depreciation Gain or (Loss) Enter any number in the edit fields and then click Check Answer. ? 1 part remaining Clear All Check