(Q4) A new equipment acquired for OMR 10,000. In exchange, the company pays OMR 4,000 cash and trades in old equipment. The old equipment originally cost OMR 11,000 and has accumulated depreciation of OMR 3,000. What will be the amount of gain or loss on the equipment? (1 Mark) Profit OMR 2,000 No profit no loss None of these Loss OMR 2,000