Spartanex Co., sells equipment for>>>>>>>>>> $55,000 Cash Original Cost of the equipment >>>>>>>>>>>>>> $95,000 Accumulated Depreciation on the Sale Date>>>> $30,000 The Company will record: O Loss of $10,000 No Gain or Loss Loss of $40,000 O Gain of $10,000

Spartanex Co., sells equipment for $55,000 Cash Original Cost of the equipment $95,000 Accumulated Depreciation on the Sale Date $30,000 The Company will record: Loss of $10,000 No Gain or Loss Loss of $40,000 Gain of $10,000