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On July 1, 2014, Dillman Kennele sells equipment for $66,000. The equipment originally cost $180,000, had an estimated 5-year life and an expected salvage value
On July 1, 2014, Dillman Kennele sells equipment for $66,000. The equipment originally cost $180,000, had an estimated 5-year life and an expected salvage value of $30,000. The Accumulated Depreciation account had a balance of $105,000 on January 1, 2014, using the straight-line method. The gain or loss on disposal is $9,000 gain. $6,000 loss. $9,000 loss. $6,000 gain
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