Moussilauke Diners Inc., a hypothetical company, as a result of revamping its menus to focus on healthier

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Moussilauke Diners Inc., a hypothetical company, as a result of revamping its menus to focus on healthier food items, sells 450 used pizza ovens and reports a gain on the sale of $1.2 million. The ovens had a carrying amount of $1.9 million (original cost of $5.1 million less $3.2 million of accumulated depreciation). At what price did Moussilauke sell the ovens?

A. $0.7 million 

B. $3.1 million 

C. $6.3 million

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International Financial Statement Analysis CFA Institute Investment Series

ISBN: 9780470287668

1st Edition

Authors: Thomas R. Robinson, Hennie Van Greuning CFA, Elaine Henry, Michael A. Broihahn, Sir David Tweedie

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