Crane Airlines purchased a Cessna as part of its fleet $3$ years ago. The Cessna originally cost $$1003500$ and requires an engine

replacement at an estimated cost of $$168800.$ Cranes uses IFRS.

Assume that the engine was originally depreciated as a subcomponent of the plane, had a value of $$139900$ assigned to it and was

depreciated on a straight$-$line basis over $5$ years with no estimated salvage value. What is the gain or loss assigned to the disposal of

the engine?

$$84860$ loss

$$83940$ loss

$$0$

$$55960$ loss