An asset was purchased for $25,000 on January 1, 2016. The assets estimated uso was five years, and its residual value was $10.000. The straight-ire method of depreciation was used. Calculate the gain or loss if the asset is sold for $20,000 on December 31, 2019, the last day of the accounting period O A $1,000 gain OB. $2,000 loss OC. $2,000 gain OD. no gain or no loss