Multiple Choice Question 122 Page 1 of 1 Multiple Choice Question 122 On January years and an estimated salvage value 1, 2009, Concord Corporation purchased for $696000, equipment having a useful life of ten of $37800. Concord has recorded monthly depreciation of the e straight-line method. On December 31, 2017, the equipment was sold for $110000. equipment on th As a result of this sale, Concord should recognize a gain of O $ 6380 O $44180. $ 110000. O so. Click if you would like to Show Work for this question: Open Show Work By accessing this Question Assistance, you will learn while you earn points based on the Point Potential Policy set by your instructor. SAVE FOR LATER SUBMIT ANSWER Question Attempts: 0 of 1 used