SportsWorld discarded a display case it had purchased for $8,000. $7,200 inaccumulated depreciation had been recorded to the date of sale. SportsWorld should recognize a gain or loss on disposal of:
A) $8,000 loss.
B) $0.
C) $7,200 loss.
D) $800 loss.
E) $800 gain.
Correct Answer:
Verified
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