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What the gain or loss on disposal is

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Problem 1: On July 1, 2020, Satoshi Company sells equipment for $81,000. The equipment's original cost was $180,000, it had an estimated 5-year life and an expected salvage value of $30,000. The accumulated depreciation account had a balance of $105,000 on July 1, 2020, after the current year's depreciation of $15,000 had been recorded, using the straight-line method. The gain or loss on disposal is

Select one:

a. $6,000 gain on disposal
b. $21,000 gain on disposal
c. $21,000 loss on disposal
d. $6,000 loss on disposal

Reference no: EM133005879

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