Question: Zen Co . sells a copier machine for $ 2 , 0 0 0 . The copier cost Zen $ 6 , 0 0 0

Zen Co. sells a copier machine for $2,000. The copier cost Zen $6,000 and at the time of sale, accumulated depreciation was $2,500. Zen will record this sale with which of the following entries?
Multiple choice question.
Credit to Gain on Disposal of Machinery for $1,500.
Debit to Loss on Disposal of Machinery for $3,500.
Credit to Gain on Disposal of Machinery for $3,500.
No gain or loss will be recorded.
Debit to Loss on Disposal of Machinery for $1,500.

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