Albatross Services Scrapped a Van

Albatross Services scrapped a van. The van originally cost $40 000, had an estimated residual value of $1 000, and an estimated life of 10 years. At the time it was scrapped, it was fully depreciated. What was the effect of scrapping the van?

A) Loss of $2 000
B) No gain or loss
C) Loss of $1 000
D) Gain of $2 000