Your company is selling a fleet of delivery vans to a third party. The original cost of the fleet was $$250,000$ with a salvage value of $$25,000.$ The accumulated depreciation of the fleet is $$175,000$ to date and the third party is buying the fleet for $$100,000.$ What is the gain or loss of the sale of the asset?

The company would realize a gain of $$25,000.$

The company would realize a loss of $$25,000.$

The company would break even and would not have to account for a gain or loss.

The company would realize a gain of $$75,000.$