Question: A task station that originally cost $5,000 has no estimated salvage value and was depreciated at the rate of 20% per year (straight-line depreciation). At

A task station that originally cost $5,000 has no estimated salvage value and was depreciated at the rate of 20% per year (straight-line depreciation). At the end of the second year, it was sold for $2,500 cash. The transaction would result in a:

loss of $250.

gain of $250

loss of $500.

gain of $500.

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