A Moving to another question will save this response. Question 12 of 15 Question 12 6.67 points A piece of equipment that cost $64,800 and on which $36,000 of accumulated depreciation had been recorded was disposed of on January 2, the first day of business of the current year. The equipment was sold for $12,000 cash . Calculate the gain or loss on sale of the equipment. Save Answer O a. Gain 0 O. Loss $16,800 Oc. Gain $6,000 Gain $28,800 > Moving to another question will save this response. Question 12 of 15 >>> RA W FA