On january 1, 2016, wheeler, inc. purchased some equipment for $3,900. the equipment had an estimated life of five years and an expected residual value of $200. on july, 1, 2018, the equipment was sold for $1,000. wheeler uses straight-line depreciation. refer to exhibit 11-03, what was the amount of the loss or gain recognized in the sale?

Access office equipment has shifted to sales and service of laptops and pcs, where it has the potential to triple the number of its customers. the company is no longer offering repairs on older types of office equipment because the demand for service on this equipment is low, and profits in that part of the business have dropped significantly. access office equipment is implementing a strategy.