R K On January 1, 2019, Melo, Inc. sold equipment for OMR 1400 cash. The equipment was purchased on January 1, 2015 at a cost of OMR 34000. The equipment was depreciated using the straight line method over an estimated ten year life with zero salvage value. Melo last recorded depreciation on the equipment on December 31, 2019, its year end. Calculate the gain or loss from this transaction