Answer:
= $1,000
Book value is greater than the sales value.
Step-by-step explanation:
Book value at the beginning of year 6 = $43,200
Months = 18 (January year 6 - June year 7)
Depreciation per month = $600
Depreciation for 18 months = $600 * 18
= $10,800
Book value at the beginning of July year 7 = $43,200 - $10,800
= $32,400
Loss on sale of assets = $32,400 - $31,400
= $1,000
Book value is greater than the sales value.
