Question
A company sells a plant asset which originally cost $374000 for $114000 on December 31, 2018. The Accumulated Depreciation account had a balance of $147000
A company sells a plant asset which originally cost $374000 for $114000 on December 31, 2018. The Accumulated Depreciation account had a balance of $147000 after the current year's depreciation of $31000 had been recorded. The company should recognize a
A)$113000 gain on disposal.
B)$82000 loss on disposal.
C)$113000 loss on disposal.
D)$260000 loss on disposal.
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International Public Financial Management Essentials Of Public Sector Accounting
Authors: Gary Bandy
1st Edition
081535634X, 978-0815356349
