Question: On January 1 , 2 0 1 7 , Bramble Corp. purchased for $ 7 6 8 0 0 0 , equipment having a useful

On January 1,2017, Bramble Corp. purchased for $768000, equipment having a useful life of ten years and an estimated salvage value of $48600. Bramble has recorded monthly depreciation of the equipment on the straight-line method. On December 31,2025, the equipment was sold for $157500. As a result of this sale, Bramble should recognize a gain of
$36960.
$0.
$85560.
$157500.
On January 1 , 2 0 1 7 , Bramble Corp. purchased

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