nces A company purchased a computer that cost $10,000, It had an estimated useful life of five years and no residual value. The computer was depreciated by the straight-line method and was sold at the end of the second year of use for $5,000 cash. The company should record: Multiple Choice a loss of $1,000. neither a gain nor a loss-the computer was sold at its book value. a gain of $1.000. neither a gain nor a loss-the gain that occurred in this case would not be recognized