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Brokson purchased a machine four years ago for $3,500. Brokson has recorded $2,400 of depreciation on the machine. Now, Brokson sells the machine for $800.

Brokson purchased a machine four years ago for $3,500. Brokson has recorded $2,400 of depreciation on the machine. Now, Brokson sells the machine for $800. Which of the following is true? a. Brokson has

a $800 gain from the sale b. Brokson has a $300 gain from the sale c. Brokson has a $300 loss from the sale d. Brokson has a $2700 loss from the sale

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