Sports Med sold an X-ray machine that originally cost $100,000 for $60,000. Theaccumulated depreciation on the machine to the date of sale was $40,000. On this sale, Sports Med should

Sports Med sold an X-ray machine that originally cost $100,000 for $60,000. Theaccumulated depreciation on the machine to the date of sale was $40,000. On this sale, Sports Med should recognize:
A) $25,000 gain.
B) $40,000 loss.
C) $60,000 gain.
D) $20,000 gain.
E) $0 gain or loss.


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