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

plrase help a little stuck here
If the diameter of a circle is 5.5 cm what is the radius ?
What role did the Scientific Revolution play in bringing about the Enlightenment?
(3x squared)to the power of -2
I need to convert this to a scientific notation 286,300,000,000.00
A three-carbon alkene contains two double bonds. Predict its molecular formula
how many atoms of hydrogen are present in the reactants and in the products? 6CO2 + 6H2O → C6H12O6 + 6O2
Is 5/11 greater than 1 / 2?
Hi how do you write the number 31 in Italian? Thanks need this answer tonight plz homework is due tomorrow
Louann and Carla received equal scores on a test made up of multiple choice questions and an essay. Louann got 14 multiple choice questions correct and received