Peter's companyhas 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 gain 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 $5,000.
• c.)
• Peter would record a loss for the sale of theforklift in the amount of $5,000.
• d.)
• Peter would record a loss for the sale of the forklift in the amount of $30,000.