On December $31,2022,$ Lin$$Incorporated sold a used industrial crane for $$600,000$ cash. The original cost of the crane was $$5\mathrm{.}0$ million and its accumulated depreciation equalled $$4\mathrm{.}2$ million on December $31,2022.$ What is the gain or loss from the December $31,2022$ equipment sale?

Multiple Choice

$$600,000$ loss.

$$200,000$ loss.

$$600,000$ gain.

$$200,000$ gain.