An asset was acquired on September 30, 2021, for $114,000 with an estimated five-year life and $28,000 residual value. The company uses double- declining-balance depreciation. Calculate the gain or loss if the asset was sold on December 31, 2022, for $60,000. Partial-year depreciation is to be calculated. Multiple Choice $1,368 gain. $15,960 gain. $29,560 loss. $1,560 loss. O