At the beginning of 2015 company buys a truck at $150,000 with estimated useful life is five years. However company sells it at $80,000 at the beginning of 2017 due to urgent cash need. Assume that company uses straight line method. what is the gain or loss from the sale of the truck? *

$20,000 gain

$70,000 loss

$10,000 gain

$10,000 loss