pter 12 & Comprehensive i Ngu owns equipment that cost $101,900 with accumulated depreciation of $69,600. Ngu asks $37,100 for the equipment but sells the equipment for $34,400. Compute the amount of gain or loss on the sale. Multiple Choice $2,100 loss. $4,800 gain, $2,100 gain $2,700 gain. $4,800 loss. Prev 5 of 28 Next >