On January 1,Year 1,a Company Sold a Machine That It

On January 1,Year 1,a company sold a machine that it had used for several years for $5,000.The machine originally cost $11,000 and had accumulated depreciation of $4,500 at the time of sale.What gain or loss will be reported on the income statement for the sale of the machine?

A) gain of $5,000
B) loss of $6,500
C) loss of $1,500
D) gain of $1,500