Question $9$

$7$ pts

A company sold a tractor that originally cost $$132,000$ for $$27,000$ cash. The accumulated depreciation on the tractor was $$66,300.$ The company should recognize:

A loss of $$38,700.$

A gain of $$38,700.$

A loss of $$27,000.$

A gain of $$65,700.$

A gain of $$27,000.$

Question $10$