A company acquired a machine on 7/1/14 for $225,000. The machine has a 5-year life and a 10% salvage value. Assuming straight line depreciation....

What is the gain or (loss) if the machine is sold for $65,000 on 6/30/2019?

a. $11,000

b. $42,500

c. $16,000

d. none of the above