Wk 5 - Apply: Connect Homework [due Day 7] i Saved Help Save & Exit Submit 6 An asset's book value is $19,100 on December 31, Year 5. The asset has been depreciated at an annual rate of $4,100 on the straight-line method. Assuming the asset is sold on December 31, Year 5 for $16,100, the company should record: 10 points Multiple Choice eBook O A loss on sale of $3,000. Print O A gain on sale of $3,150. O A loss on sale of $3,150. O Neither a gain nor a loss is recognized on this type of transaction. O A gain on sale of $3,000. Mc Graw Hill