On January 1, 2017, Comie, Inc. purchased a machine for $111,600. Comie uses straight-line depreciation and estimates an eight-year useful life and a $3,600 salvage value. On December 31, 2024, Comie cannot locate a buyer for the used machine so it is scrapped. In recording the machine retirement, Comie should reflect:

Select one:

A. A $3,600 loss

B. A $86,400 loss

C. No gain or loss

D. A $3,600 gain