Vorst depreciates Asset C by the straight- line method. On June 30, 2017, vorst sold Asset C for $28,000 cash. How much gain (loss) should Vorst record in 2017 pmtje dos[psa; pf Asset C?

a.$2,800

b.($2,800)

c.($5,600)

d.($8,400)

Vorst Corporation's schedule of depreciable assests at December 31, 2016, was as follows:

Asset Cost Accumulated Depreciation Acquistion Date Residual Value

A $100,000 $64,000 2015 $20,000

B $55,000 $36,000 2014 $10,000

C $70,000 $33,600 2014 $14,000

$225,000 $133,600 $44,000

Vorst takes a full year's depreciation expense in the year of an asset's acquisition and no depreciation expense in the year of an asset's disposition. The estimated usedul life of each depreciable assest is 5 years.