On June 30, 2020, JRMco sold a company car for $6500 cash. The automobile was...
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On June 30, 2020, JRMco sold a company car for $6500 cash. The automobile was purchased on January 1, 2017 at a cost of $30,000. It was depreciated using the SL method over 10 years with no assumed salvage value. No depreciation has been recorded yet for 2020. JRMco will record a gain or loss of how much? (enter gains as a positive number and losses as a negative number, no dollar signs but with commas)
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