The Records of Pam Company Showed the Following About a Machine

Multiple Choice

The records of Pam Company showed the following about a machine on January 1,20H: Purchased 1/1/20E for $35,000
Accumulated depreciation at January 1,20H,$26,400
On July 1,20H,the machine was sold for $7,000.Depreciation for the first six months of 20H was $1,467.The gain or loss on disposal would be which of the following?

A) $133 loss
B) $133 gain
C) $1,600 loss
D) $1,600 gain