On January 1, 2014, Miller Corporation purchased for $158,000, equipment having a useful life of ten years and an estimated salvage value of $8,000. Miller has recorded depreciation of the equipment on the straight-line method. On December 31, 2021, the equipment was sold for $28,000.
As a result of this sale, Miller should recognize:

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The Answer of On January 1, 2014, Miller Corporation purchased for $158,000, equipment having a useful life of ten years and an estimated salvage value of $8,000. Miller has recorded depreciation of the equipment on the straight-line method. On December 31, 2021, the equipment was sold for $28,000.
As a result of this sale, Miller should recognize:

On January 1, 2014, Miller Corporation Purchased for $158,000, Equipment