A company discarded a display case that it had originally purchased

Question

A company discarded a display case that it had originally purchased for $8,000. The case had $7,200 worth of accumulated depreciation. The company should recognize a(n):
A. $0 gain or loss
B. $800 loss
C. $800 gain
D. $8,000 loss
E. $7,200 loss

Answer

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