a piece of equipment with a cost of $11,000

a useful life of 5 years and a salvage value of $1000 is a depriciated using the streight line depriciation method. On the first day of the forth year the equipemtn is sold fo $4000. using this info, comlete gain or loss on the sales of the equipement?

1000 gain

3000 loss

2000 gain

1000 loss.

this is what i have .