Answer:
The correct answer is B.
Explanation:
Giving the following information:
Equipment originally costing $65,000 has accumulated depreciation of $25,000. The equipment is sold for $30,000.
An asset provides gain or loss depending if the selling price is higher or lower the book value.
Book value= Purchasing price - accumulated depreciation
Book value= 65,000 - 25,000= $40,000
Gain or loss from selling the equipment= selling price - book value
Loss from selling the equipment= 30,000 - 40,000= -$10,000
