Two years ago, Energy Corporation purchased equipment that cost $$10,000.$ It had an estimated useful life of $5$ years and no residual value. The equipment was depreciated by using the straight$-$line method, and was sold at the end of the second year of use for $$5,000$ cash. The company should record:

Multiple Choice

a loss of $$1,000.$

a gain of $$1,000.$

a loss of $$5,000.$