On December 31 , Strike Company sold one of its batting cages for $182,750. The equipment had an original cost of $215,000 and has accumulated depreciation of 532,250 . Depreciation has been recorded up to the end of the year. What is the amount of the gain or loss on this transaction? x a. loss of $(32,250) b. no gain or loss c. gain of $43,000 d. cannot be determined with information given An asset was purchased for $105,000 on January 1 , Year 1 and originally estimated to have a useful life of 10 years with a residual value of $14,000. At the beginning of the third year, it was determined that the remaining useful life of the asset was only 4 years with a residual value of $2,600. Compute the third-year depreciation expense using the revised amounts and straight-line method. Round your answer to the nearest dollar. a. $22,050 b. $20,050 x c. $21,550 d. $21,050