On December 31, Your Company has decided to sell one of its buildings. The initial cost of the building was $450,000 with an accumulated depreciation of $390,000. Depreciation has been taken up to the end of the year. You found a buyer that is willing to purchase the building for $50,000. What is the amount of the gain or loss on this transaction? a. Gain of $20,000 b. Loss of $10,000 c. No gain or loss d. Cannot be determined