Exercise 223 A machine that cost $36,000 and on which $26,500 of depreciation had been recorded was disposed of for $10,200. Indicate whether a gain or loss should be recorded, and for what amount. Amount of Assume that the machine of Part a, above, was instead discarded. Indicate whether a gain or loss should be recorded, and for what amount. Amount of Assume that the machine of Part a, above, was instead sold for $9,400. Indicate whether a gain or loss should be recorded, and for what amount. Amount of