Multiple Choice Question 157 On July 1, 2017, Wildhorse Co. sells equipment for $114000. The equipment originally cost $330000, had an estimated 5-year life and an expected salvage value of $50000. Accumulated Depreciation had a balance of $196000 on January 1, 2017, using the straight-line method. The gain or loss on disposal is $20000 loss O$8000 gain. O $8000 loss. O$20000 gain. Click if you would like to Show Work for this question: Open Show Work Question Attempts: 0 of 1 used SAVE FOR LATER SUBMIT ANSWER Multiple Choice Question 203 A company has the following assets: Buildings and Equipment, less accumulated depreciation of $4700000 $21000000 Copyrights 2000000 Patents 13000000 Land 15000000 The total amount reported under Property, Plant, and Equipment would be O $51000000. $36000000. O $38000000. $35000000. Open Show Work Click if you would like to Show Work for this question: Question Attempts: 0 of 1 used