Question
A company sells equipment for $6,000. The original cost was $50,000. The accumulated depreciation is $45,000. The sale results in A. a loss of $1,000
A company sells equipment for $6,000. The original cost was $50,000. The accumulated depreciation is $45,000. The sale results in
A. a loss of $1,000
B. a gain of $1,000
C. a gain of $5,000
D. neither a gain nor a loss
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Accounting Information System
Authors: James A. Hall
7th Edition
978-1439078570, 1439078572
