Question 6 1 points Save Answer January 1, 2010, Ringo purchased, for $100,000, equipment having a useful life of eight years and an estimated salvage value of $4,000. Ringo has recorded monthly depreciation on the equipment using the straight-line method. On March 1, 2015, the equipment was sold for $38,000. As a result of this sale, Ringo should recognize a $12,000 gain no gain or loss an $8,000 loss an $8,000 gain A Moving to the next question prevents changes to this answer. Question 6 of 10