Question 7 1 pts On January 1, 2019. A Corp purchased equipment for $20,000. The equipment had an estimated useful life of 5 years and a salvage value of $2,000. A Corp. uses the straight-line method for depreciation It A Corp sells the equipment for $13,600 on December 31 2020, it will have an: (Hint: Watch the dates) $2,000 loss. $2,000 gain O $800 gain $800 loss Question 8 1 pts Equipment was purchased for $70,800. It is estimated that the equipment will have a $12,000 salvage value at the end of its 5 year useful life O 8 7 8 9 E R U P