A company discarded a computer system originally purchased for $8,350. The accumulated depreciation was $6,850. The company should recognize a(an)

A company discarded a computer system originally purchased for $8,350. The accumulated depreciation was $6,850. The company should recognize a(an):

$1,500 loss.

$6,850 loss.

$8,350 gain.

$0 gain or loss.

$1,500 gain.

Cost of computer system	$ 8,350
Accumulated depreciation	(6,850)
Book value	$    1,500
Cash received	(0)
Loss on disposal	$    1,500