Ryan, Inc., uses straight-line depreciation for all of its depreciable assets. Ryan sold a used piece of machinery on December 31, 2012, that it purchased on January 1, 2011, for \(\$ 10,000\). The asset had a five-year life, zero residual value, and \(\$ 2,000\) accumulated depreciation as of December 31, 2011. If the sales price of the used machine was \(\$ 6,500\), the resulting gain or loss upon the sale was which of the following amounts?

a. Loss of \(\$ 500\)

b. Gain of \(\$ 500\)

c. Loss of \(\$ 1,500\)

d. Gain of \(\$ 1,500\)

e. No gain or loss upon the sale.