A Company Discarded a Display Case Originally Purchased for $8,000

question 86

Multiple Choice

A company discarded a display case originally purchased for $8,000. The accumulated depreciation was $7,200. 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.

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