On April 1, 20x1, Pitchfork, Inc. sold a piece of equipment for $24,000. On January 1, 20x1, the accounts showed the following for the old machine: original cost, $90,000; accumulated depreciation, $63,000 (20- year life, no salvage value, straight-line method of depreciation). Determine the gain/loss on disposal of this asset: $ O $1,875 loss O $3,000 loss $1,500 gain $1,650 gain