Peter's company has decided to sell their forklift. The market value of the forklift is $35,000. He predicts that the book value is $30,000.

Given this information, which of the following is true?

• a.)

  Peter would record a loss for the sale of the forklift in the amount of $30,000.

• b.)

  Peter would record a gain for the sale of the forklift in the amount of $30,000.

• c.)

  Peter would record a loss for the sale of the forklift in the amount of $5,000.

• d.)

  Peter would record a gain for the sale of the forklift in the amount of $5,000.