ABC Co purchased a vehicle in 2023 costing $80,000. The equipment has no salvage value and a 200,000 mile useful life. ABC uses the units of production method of depreciation. The vehicle has now been driven 190,000 miles and the company sells the vehicle for $12,000 cash. What is the gain, if any, on the sale?

ABC Co purchased a vehicle in 2023 costing $80,000. The equipment has no salvage value and a 200,000 mile useful life. ABC uses the units of production method of depreciation. The vehicle has now been driven 190,000 miles and the company sells the vehicle for $12,000 cash. What is the gain, if any, on the sale