When property, plant, and equipment is sold: no gain or loss should be recognized if depreciation was taken on the asset a loss should be recognized but not a gain if depreciation was taken on the asset depreciation should be recorded through the date of sale the carrying amount of the asset should be credited to the asset account Question 7 (1 point) Under the aging-of-accounts-receivable method: the balance in Allowance for Uncollectible Accounts prior to adjustment must be considered the balance in Allowance for Uncollectible Accounts prior to adjustment is ignored the balance in Bad Debt Expense prior to adjustment must be considered the balance in accounts receivable prior to adjustment must be considered