Final Answer:
The gain from selling the equipment is $124,000 (Option 4).
Thus the correct option is 4
Step-by-step explanation:
The gain from selling the equipment can be calculated by subtracting the original cost or book value of the equipment from the selling price. In this case, the correct answer is $124,000 (Option 4).
This figure is derived by taking the selling price of the equipment and subtracting the original cost, representing the profit gained from the sale.
It's crucial to understand that the gain from selling an asset is determined by considering the difference between the sale proceeds and the asset's initial value.
In this scenario, a gain of $124,000 implies that the equipment was sold for $124,000 more than its original cost.
This gain is a positive outcome for the seller and contributes to the overall financial success of the transaction.
Therefore, when evaluating the options provided, Option 4, $124,000, accurately represents the gain from selling the equipment.
This gain signifies the positive financial impact of the equipment sale, reflecting the profit earned by the seller in the process.