An asset with a book value of $4,725 was discarded, having no market value. How much will be recorded as a loss or gain on disposal? a. Gain of $4,725 b. Loss of $4,725 c. No loss or gain Od. Cannot be determined with the information given

An asset with a book value of $4,725 was discarded, having no market value. How much will be recorded as a loss or gain on disposal? a. Gain of $4,725 b. Loss of $4,725 c. No loss or gain d. Cannot be determined with the information given