Assume a firm purchases a depreciable asset on January 1, 2020 for $10,000. The asset has an estimated residual value of $2,000 and an estimated useful life of 4 years. The firm uses the straight-line method of depreciation. If after two years, the firm decides to sell the asset for $10,000, how much gain or loss (if any) will the firm recognize upon the sale of the asset?

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