On July 1, 2011, Mazaya Company sells equipment for R.0.66,000. The equipment originally cost R.0.180,000, had an estimated 5-year life and an expected residual value of R.0.30,000. The accumulated depreciation account had a balance of R.O.123,000 on July 1, 2011, using the straight-line method. The gain or loss on disposal is Select one: a. R.0.9,000 loss 7 b. R.0.6,000 loss. O C.R.O.9,000 gain O d.R.O.6,000 gain