On January years and an estimated salvage value 1, 2009, Concord Corporation purchased for $696000, equipment having a useful life of ten of $37800. Concord has recorded monthly depreciation of the e straight-line method. On December 31, 2017, the equipment was sold for $110000. equipment on th As a result of this sale, Concord should recognize a gain of O $ 6380 O $44180. $ 110000. O so. Click if you would like to Show Work for this question: Open Show Work By accessing this Question Assistance, you will learn while you earn points based on the Point Potential Policy set by your instructor