Using your revised depreciation expense from the previous question, prepare a depreciation schedule for years 4 through 6. If the kitchen equipment asset is sold at the end of year 5 for 60,000, Tacos al Profesor company would recognize

a gain of 60,000

a gain of 20,000

a loss of 20,000

none of the above

What about if the kitchen equipment asset is sold at the end of year 6 for 15,000, Tacos al Profesor company would recognize

Group of answer choices

a 15,000 gain on disposal

a 25,000 gain on disposal

a 10,000 gain on disposal

none of the above