On December 31, Strike Company sold one of its batting cages for $206,720. The equipment had an original cost of $243,200 and has accumulated depreciation of $36,480. Depreciation has been recorded up...

Extracted text: On December 31, Strike Company sold one of its batting cages for $206,720. The equipment had an original cost of $243,200 and has accumulated depreciation of $36,480. Depreciation has been recorded up to the end of the year. What is the amount of the gain or loss on this transaction? Oa. gain of $48,640 b. no gain or loss Oc. loss of $(36,480) d. can't be determined with data provided