7. A company sold a display case for $800 that it had originally purchased for $8,000 with a salvage value of $800 and a 9-yr. life. The case was fully depreciated. 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 F. Some other amount 9000-1200-800 loss 8006-800= 7200 Acc Depr. The New Deal is a used-car dealership which owns the following four assets. Identify those which are considered plant assets. 1. Cars and vans which they plan to sell to customers (2.) A van which is used to provide courtesy rides to customers who are having, their cars serviced at the dealership 3. A show room used to display some of the more high-end vehicles for sale 4. A building and land purchased as an investment which are not used in the company's operations