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S-F:9-9 Selling an asset at gain or loss (Leaming Objectioe 3) Alpha Communication purchased equipment on Jamuary 1, 2024, fot $27,500. Suppose Alpha Commurication sold

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S-F:9-9 Selling an asset at gain or loss (Leaming Objectioe 3) Alpha Communication purchased equipment on Jamuary 1, 2024, fot \$27,500. Suppose Alpha Commurication sold the equipment for $20,000 on December 31, 2026. Accumulated Depreciation as of December 31, 2026 , was $10,000. Journalize the sale of the equipment, assuming straight-line depreciation was used

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