A company discarded a display case originally purchased for $8,000. The accumulated depreciation was $7,200. The company should recognize a (an):

A company discarded a display case originally purchased for $8,000. The accumulated depreciation was $7,200. The company should recognize a (an):

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.


Answer: B