Sumner so equipment in thiness for 51,500 Summer out the quanto few years ago for $70,250 and has come $625 oferection expens. Assuming that this Sumner's only disponon dun the yout, what is the amount and character of Sumner's gain or loss? Moe Choice 58:2500 3477 126 race o None of the choices correct Sumner sold equipment that it uses in its business for $31,500 Sumner bought the equipment a few years ago for $79.250 and has claimed 539,525 of depreciation expense Assuming that this is Sumner's only disposition during the year, what is the amount and character of Sumner's goinar oss? Munch 5805945 O 3770 wanayo 585 Piure of the choices are conut