s Question:1 pt An asset was purchased for $38,000 on January 1, 2019. The asset's estimated useful life was five years, and its residual value was $11,000. The straight-line method of depreciation was used. Calculate the gain or loss if the asset is sold for $18,000 on December 31,2019, the last day of the accounting period OA. $14,600 gain OB. $14,600 loss O c. $7,300 gain O D. no gain or no loss