What is the amount of the gain or loss on transaction, Accounting Basics

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What is the amount of the gain or loss on transaction

Problem: On December 30 one, bonds baseball company has decided to sell one of its bad encages. The initial cost of the equipment was 225000 with an accumulated depreciation of 195000 depreciation has been taken up to the end of the year. The company found a company that is willing to buy the equipment for 10000. What is the amount of the gain or loss on this transaction? On the balance sheet the allowance for doubtful accounts represent

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Accounting Basics: What is the amount of the gain or loss on transaction

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Accounting Basics: What is the amount of the gain or loss on transaction

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