Question $11$ West Machining utilizes computer$-$controlled machines to manufacture automotive parts for car manufacturers. Four years ago, the company purchased an experimental machine with the expectation of producing parts more quickly. Unfortunately, the equipment failed to meet expectations. The original cost of the equipment was $\backslash (\backslash$$ $560,000\backslash ),$ with a salvage value of $\backslash (\backslash$$ $80,000\backslash )$ and a useful life of $6$ years. The equipment was sold at the end of the fourth year for $\backslash (\backslash$$ $215,000\backslash ).$ Compute the gain or loss from the sale. $\backslash$$$55,000$ gain $\backslash$$$15,000$ loss $\backslash$$$135,000$ gain $\backslash (\backslash$$ $25,000\backslash )$ loss