Part A: A machine that cost $86,400 and on which $63,600 of depreciation had been recorded was disposed of for $24,480. Indicate whether a gain or loss should be recorded, and for what amount.

Amount of Loss/Gain

Part B: 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 Loss/Gain

Part C: Assume that the machine of Part a, above, was instead sold for $22,560. Indicate whether a gain or loss should be recorded, and for what amount.

Amount of Loss/Gain