Question: An asset's book value is $ 1 8 , 9 0 0 on December 3 1 , Year 5 . Assuming the asset is sold

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
A gain on sale of $13,050.
A loss on sale of $13,050.
Neither a gain nor a loss is recognized on this transaction.
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An asset's book value is $ 1 8 , 9 0 0 on

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