An asset was acquired on August 1, 2021, for $23,000 with an estimated five-year life and $2,000 residual value. The company uses straight-line depreciation Calculate the gain or loss if the asset was sold on April 30, 2023, for $12,000. Partial-year depreciation is calculated based on the number of months the asset is in service, Multiple Choice O $3,150 gain $3,650 loss 0 0 $4.200 loss. $6,300 gain 0