On December 31, 2016, Hamilton Inc. sold a used industrial crane for $600,000 cash. The original cost of the crane was $5.0 million and its accumulated depreciation equaled $4.2 million on December 31, 2016. What is the gain or loss from the December 31, 2016 equipment sale? A. $200,000 loss.
B. $200,000 gain.
C. $600,000 gain.
D. $600,000 loss.
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