On July 1,2021 , Hale Kennels sells equipment for $215000. The equipment originally cost $594000, had an estimated 5-year life and an expected salvage value of $91000. The accumulated depreciation account had a balance of $352000 on January 1,2021 , using the straight-line method. The gain or loss on disposal is $23300 gain. $27000 gain. $27000 loss. $23300 loss. On July 1,2021 , Hale Kennels sells equipment for $215000. The equipment originally cost $594000, had an estimated 5-year life and an expected salvage value of $91000. The accumulated depreciation account had a balance of $352000 on January 1,2021 , using the straight-line method. The gain or loss on disposal is $23300 gain. $27000 gain. $27000 loss. $23300 loss