On December 31, Strike Company sold one of its batting cages for $20,000.  The equipment had an initial cost of $310,000 and had accumulated depreciation of $260,000.  Depreciation has been recorded up to the end of the year. What is the amount of the gain or loss on this transaction? Group of answer choices loss of $30,000 gain of $30,000 loss of $20,000 gain of $20,000

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