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2 points 43) Sports Med sold an X-ray machine that originally cost $100,000 for $60,000. The accumulated depreciation on the machine to the date of

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2 points 43) Sports Med sold an X-ray machine that originally cost $100,000 for $60,000. The accumulated depreciation on the machine to the date of sale was $40,000. On this sale, Sports Med should recognize: * O A) $60,000 gain O B) $20,000 gain. O c) $0 gain or loss. D) $25,000 gain. O E) $40,000 loss. 44) Uncertainties such as doubtful accounts: 2 points O A) Are not provisions since they relate to normal business activities, B) Are not provisions because they are future events not arising out of past transactions OC) Are provisions because they are future events arising from past transactions. D) Are provisions because the amounts are uncertain E) Should not be disclosed. 41) Gross pay is: 2 points OA) The amount of the paycheque. O B) Total compensation earned by an employee. OC) Deductions withheld by an employer. OD) Salaries after taxes are deducted. O E) Take-home pay. 2 points 42) When originally purchased, a vehicle had cost $23,000, with an estimated residual value of $1,500, and an estimated useful life of 8 years. After 4 years of straight-line depreciation, the estimated useful life was revised from 8 to 6 years, but with zero residual value. The depreciation expense in year 5 should be OA) $6,125.00 OB) $2,856.25. OC) $5,543.75. OD) $2.687.50 O E) $10,750.00

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