In 2019, BayKing Company Sold Used Equipment for $20,000

In 2019, BayKing Company sold used equipment for $20,000. The equipment had an original cost of $90,000 and accumulated depreciation as of the date of sale was $69,000. BayKing also purchased held-to-maturity securities for $7,000. What is the gain or loss on the sale of the equipment?

A) $14,000 loss
B) $34,000 gain
C) $1,000 loss
D) $21,000 gain