The Texas Hospital Organization purchased Davinci equipment on January $1,2019$ for $$7,000,000$ with an estimated useful life of $10$ years. The Texas Hospital Organization uses straight line depreciation. On January $1,2024$ they decide to sell the Davinci for $$2,500,000,$ what was the GAIN$/$LOSS on the sale"

a$)1,000,000$ GAIN

b$)3,000,000$ LOSS

c$)1,000,000$ LOSS

d$)3,500,000$ GAIN

e$)$ None of the above