Question Content Area On December 31, Strike Company sold one of its batting cages for $234,515. The equipment had an original cost of $275,900 and has accumulated depreciation of $41,385. Depreciation has been recorded up to the end of the year. What is the amount of the gain or loss on this transaction?
a.no gain or loss
b.gain of $55,180
c.loss of $(41,385)
d.cannot be determined with information given