Assignment FULL SCREEN NEXT RCES se Question 5 On July 1, 2018, Happy Hound Kennels Inc. sells equipment for $20,000. The equipment originally cost $80,000, had an estimated 5-year life and an expected residual value of $10,000. The Accumulated Depreciation account had a balance of $49,000 on January 1, 2018, using the straight-line method. The gain or loss on disposal is $11,000 gain. $4,000 gain. $4,000 loss. O $11,000 loss. SUBMIT ANSWER SAVE FOR LATER Question Attempts: 0 of 1 used