First Watch acquired equipment on October $1,2021$ at a cost of $$164,500.$ It has an estimated useful life of $10$ years, an estimated salvage value of $$10,500,$ and is depreciated by the straight$-$line method. Assuming that the equipment was sold on July $1,2025,$ for $$73,500,$ the sale of the equipment would result in a

Select one:

a$.$ Loss of $$33,250$

b$.$ Gain of $$6,650$

c$.$ Gain of $$88$

d$.$ Loss of $$48,650$

e$.$ Loss of $$66,500$