An asset was acquired on January 1, 2021, for $29,000 with an estimated four-year life and $3,000 residual value. The company uses straight-line depreciation. Calculate the gain or loss if the asset was sold on December 31, 2023, for $10,400. Multiple Choice $900 gain $3,900 gain Multiple Choice $900 gain. $3,900 gain $900 loss. $5,600 loss. Acara