On April 1, 2024, La Salsa Corporation sold some equipment for $18,000. The original cost was $50,000, the estimated residual value was $8,000, and the expected useful life was six years. On December 31, 2023, the Accumulated Depreciation account had a balance of $29,400. If the straight-line method of depreciation was used, the gain or loss on the sale was a

On April 1,2024, La Salsa Corporation sold some equipment for $18,000, The original cost was $50,000, the estimated residual value was $8,000, and the expected usefut life was six years. On December 31,2023 , the Accumulated Depreciation aceount hard a bal ance of $29,400. If the straight-line method of depreciation was used, the gain or loss on the sale was a