On October 1, 2014, Wireless Communications purchased a new piece of equipment that cost $55,000. The estimated useful life is ten years and estimated residual value is $4,000. Assume that Wireless uses the straight-line method of depreciation and sells the equipment for $40,600 on October 1, 2018. The result of the sale of the equipment is a gain (loss) of O A. $2,000. OB. $0. OC. ($10,400) OD. $6,000