Novak Company purchased a new machine on September $1,2022,$ at a cost of $$144,000.$ The company estimated that the machine will have a salvage value of $$14,000.$ The machine is expected to be used for $10,000$ working hours during its $5-$year life.

Assume the double$-$declining balance method is used. What amount of gain or loss would Novak recognize if they sell the asset for $$69,000$ on $\frac{12}{31}\frac{?}{24}?$

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