An Asset Was Purchased for $36,000 on January 1,2016

An asset was purchased for $36,000 on January 1,2016.The asset's estimated useful life was five years,and its residual value was $4,000.The straight-line method of depreciation was used.Calculate the gain or loss if the asset is sold for $18,000 on December 31,2016,the last day of the accounting period.

A) $5,800 gain
B) $11,600 loss
C) $11,600 gain
D) no gain or no loss