On January 1, year 1 ABC. Ltd. had a piece of equipment with a cost of $ 150000 and accumulated depreciation of $ 60000.   The company uses the straight line method.   The equipment has a useful life of 10 years and a residual value of $ 30000.    The equipment was sold on July 1, year 1 for $ 150000. Calculate the gain or loss on disposal.   If the amount is a gain, enter the answer as a positive amount below (i.e. 20000).   If the amount is a loss, enter the answer as negative amount below (i.e. -20000). Round your final answer to the nearest dollar.

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