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Save TB MC Qu. 08-161 Ngu owns equipment that cost... Ngu owns equipment that cost $93.500 with accumulated depreciation of $64,000. Ngu asks $35,000 for

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Save TB MC Qu. 08-161 Ngu owns equipment that cost... Ngu owns equipment that cost $93.500 with accumulated depreciation of $64,000. Ngu asks $35,000 for the equipment but sells the equipment for $33,000. Compute the amount gain or loss on the sale. Multiple Choice $3.500 l O $5.500 gr O 3.500 31000 51500

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