Question 8 of 12 View Policies Show Attempt History Current Attempt in Progress Your answer is incorrect 0/1 1 On May 1, 2020, Pinkley Company sells office furniture for 80,000 cash. The office furniture originally cost 200,000 when- purchased on January 1, 2013. Depreciation is recorded by the straight-line method over 10 years with a residual value of 20.000. What gain should be recognized on the sale? O 12.667. 6,000. O 12,000, O 24,000. eTextbook and Media Save for Later Attempts: 1 of 3 used Submit Answer