mo8ndrremmac mo8ndrremmac
  • 01-06-2017
  • Business
contestada

An asset which costs $97,600 and has accumulated depreciation of $82,000 is sold for $18,000. what amount of gain or loss will be recognized when the asset is sold

Respuesta :

Aliwohaish12
Aliwohaish12 Aliwohaish12
  • 12-06-2017
Book value
Cost of an asset-accumulated dep
97,600−82,000=15,600

So
18,000−15,600=2,400
a gain of $2,400.

Hope it helps
Answer Link

Otras preguntas

What describes consensus historiography?
Help please!?!?!?!!??!? :) The United Kingdom is made up of: -England -France -Northern Ireland -Scotland -the Netherlands -wales (more then one can be picked :
how many weeks are in 49 days
How did the Egyptians use technology to “tame” the Nile River?
Which precedents did George Washington set as first president of the United States? A. He rarely asked for or heeded advice from his cabinet secretaries. B. He
Columbus' discovery of the New World did more harm than good. I need 3 points
is 2/8 greater than 7/8
define cell conjunctions
trip in space 4.5 x 10 exponent 9 miles will take 9 1/2 years how many miles will space craft travel per year
is 2/8 greater than 7/8