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How much gain or loss on disposable should Wolverine record

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Question - On June 2015, the wolverine co. sold a machine for 230,000.00 that was acquired three years earlier for 420,000.00. The accumulated depreciation for this machine was 216,000.00 and the original estimated salvage value was 60,000.00. Wolverine uses the straight-line method of depreciation. How much gain or loss on the disposable should Wolverine record in 2015? 

a) 34,000.00 LOSS

b) 14,000.00 GAIN

c) 26,000.00 GAIN

d) 26,000.00 LOSS

Reference no: EM133005717

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