Career Services,Incorporated Sold Some Office Equipment for $52,000 on December

Career Services,Incorporated sold some office equipment for $52,000 on December 31,2018.The journal entry to record the sale would include which of the following if the original cost of the equipment was $80,000 with a residual value of $5,000 and a useful life of 10 years? Assume the machine was purchased on January 1,2015 and depreciated using the straight-line method.

A) Gain of $2,000.
B) Loss of $9,500.
C) Gain of $9,500.