An asset's book value is $$18,900$ on December $31,$ Year $5.$ Assuming the asset is sold on December $31,$ Year $5$ for $$14,100,$ the company should record:

Multiple Choice

$19$:$35$

A gain on sale of $$13,050.$

A loss on sale of $$13,050.$

A gain on sale of $$4,800.$

Neither a gain nor a loss is recognized on this transaction.

A loss on sale of $$4,800.$

$4$ of $10$

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