14. A piece of Equipment, that has a useful life of 10 years with salvage value of $2,000 was purchased in 2000 for $20,000. It is depreciated on a straight line basis. After 6 years, it was sold for $6,000. The sale of the equipment resulted in: a. Loss of $20,000 b. Loss of $3,200 c. Gain of $2,000 d. $10,000 e. None of the above the time