A company discarded a display case it had originally purchased for $11,000. The case had $9,000 worth of accumulated depreciation. The company should recognize a (an):
$2,000 gain
$2,000 loss
$11,000 loss
$9,000 loss
$0 gain or loss

First you need to calculate the net book value, which is Cost of $11,000 minus Accumulated Depreciation of $9,000 equals $2,000

Being the case is worth $2,000 and you discarded it, which means that you have a loss of $2,000