Equipment was purchased for $112,500 on January 1st,2013. The equipment had a useful life of 10 years, with no salvage value. The company depreciates the equipment on a straight-tine basis. The company sold the asset on Apris 31st, 2014 for 5100,000 . What was the gain(loss) on the equipment? Select one: a. A loss of 51,250 b. Again of 512,500 C. A gain of $2,500 d. A loss of $12,500