Sue Company purchased a long-lived asset years ago at $3,000,000. Accumulated depreciated to date on the asset is $1,400,000. Management is contemplating disposing off the assets at $1,200,000. If it did, what would be the loss or gain on disposal?

Select one:

a. $1,800,000 loss

b. $1,600,000 loss

c. $400,000 loss

d. $1,800,000 gain