On July 1, 2020, Hale Kennels sells equipment for $80,000. The equipment originally cost $300,000 The accumulated depreciation account had a balance of $225,000 at the end of 2019 after the annual depreciation was recorded. The annual depreciation amount is $50,000, and no depreciation has been recorded for 2020 to date. Using the straight-line method, the gain or loss on disposal is: Hint: Remember there is a partial year of pre ion in 2020 that is not yet recorded. $30,000 gain $45,000 loss $30,000 loss. $45,000 gain