On December 31,2013, Stable Company sold a piece of equipment thet was purchased on January years. Stable uses the straight-line method of depreclation. What 1, 2008. The equipment originally cost $70,000 and has an estimated useful lifle of eight t is the gain/loss on the sale of equipment that Stable will recognize if the equipment was sold for $215,000? O s0. no gain or loss $215.000 gain S22.500 gain O $118,750 gain O $22,500 loss