A Company Discarded a Computer System Originally Purchased for $18,000

question 127

Multiple Choice

A company discarded a computer system originally purchased for $18,000.The accumulated depreciation was $17,200.The company should recognize a(an) :

• A)$0 gain or loss.
• B)$800 loss.
• C)$800 gain.
• D)$8,000 loss.
• E)$7,200 loss.