A plant asset cost $99000 when it was purchased on January 1, 2011. It was depreciated by the straight-line method based on a 9- year life with no salvage value. On June 30, 2018, the asset was discarded with no cash proceeds. What gain or loss should be recognized on the retirement? O No gain or loss. $11000 gain. $22000 loss. O $16500 loss