a. A machine that cost $18,000 and on which $13,000 of depreciation had been recorded was disposed of for $5,200. Indicate whether a gain or loss should be recorded, and for what amount.
b. Assume that the machine in part A above was instead discarded. Indicate whether a gain or loss should be recorded, and for what amount.
c. Assume that the machine in part A above was instead sold for $4,800. Indicate whether a gain or loss should be recorded, and for what amount.

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The Answer of a. A machine that cost $18,000 and on which $13,000 of depreciation had been recorded was disposed of for $5,200. Indicate whether a gain or loss should be recorded, and for what amount.
b. Assume that the machine in part A above was instead discarded. Indicate whether a gain or loss should be recorded, and for what amount.
c. Assume that the machine in part A above was instead sold for $4,800. Indicate whether a gain or loss should be recorded, and for what amount.

A a Machine That Cost $18,000 and on Which $13,000