NERTE Multiple Choice Question 153 On July 1, 2021, Hale Kennels sells equipment for $230000. The equipment originally cost $593000, had an estimated 5-year life and an expected salvage value of 599000. The accumulated depreciation account had a balance of $355000 on January 1, 2021, using the straight-line method. The gain or loss on disposal $8000 gain, $9000 loss 341400 loss $41400 gain. udy