Question 18 of 31 < > View Policies -/3 Current Attempt in Progress On July 1, 2021, Hale Kennels sells equipment for $223000. The equipment originally cost $596000, had an estimated 5-year life and an expected salvage value of $109000. The accumulated depreciation account had a balance of $359000 on January 1, 2021, using the straight-line method. The gain or loss on disposal is $14000 gain. $14000 loss. $34700 loss. $34700 gain. Save for Later Attempts: 0 of 1 used Submit Answer