Equipment with a cost of $25,000, accumulated depreciation of 12,000 and book value of $13,000 was sold for 10,000.? Loss or gain and how much?

sale price - book = gain or (loss)

10,000 - 13,000 = (3,000)

$3,000 loss

Equipment with a cost of $25,000, accumulated depreciation of 12,000 and book value of $13,000 was sold for 10,000.? Loss or gain and how much?