Question 5, 89-9 (similar to Question Help CD Warehouse purchased equipment on January 1, 2018, for $41,126. Suppose CD Warehouse sold the equipment for $30,000 on December 31, 2019. Accumulated Depreciation as of December 31, 2019, was $12,654. Journalize the sale of the equipment, assuming straight-line depreciation was used. First, calculate any gain or loss on the disposal of the equipment. Market value of assets received Less: Book value of asset disposed of Cost Less: Accumulated Depreciation Gain or (Loss) Enter any number in the edit fields and then click Check Answer. 1 part Clear All Check Answer remaining