A machine that cost $57,600 and on which $42,400 of depreciation had been recorded was disposed of for $16,320. Indicate whether a gain or loss should be recorded, and for what amount.

Assume that the machine of Part a, above, was instead discarded. Indicate whether a gain or loss should be recorded, and for what amount.

Assume that the machine of Part a, above, was instead sold for $15,040. Indicate whether a gain or loss should be recorded, and for what amount.