A photocopier cost $96,000 when new and has accumulated depreciation of $95,000. If the business discards this plant asset, the result is O A. a gain of $1,000 O B. a loss of $95,000 O c. a loss of $1,000 O D. no gain or no loss A fully depreciated plant asset O A. can be discarded, sold, or exchanged for another plant asset OB. is no longer reported on the balance sheet O c. can no longer be used in the business OD. is removed from the accounting records Masonry Construction Group paid $9,000 for a plant asset that had a market value of $9,500. At which of the following amounts should the plant asset be recorded? O A. $9,500 O B. $9,000 OC. $18,000 O D. $4,500 Tim's gross pay for this month is $9,150. His gross year-to-date pay, prior to this month, totaled $111.000. What is the amount of FICA tax withheld from Tim's pay for this month? (Assume an OASDI rate of 6.2%, applicable on the first $118,500 earnings, and a Medicare rate of 1.45%, applicable on all earnings. Do not round any intermediate calculations, and round your final answer to the nearest cent.) O A. $465.00 O B. $567.30 O c. $132.68 OD. $597.68 The information related to interest expense of Classic Music Company is given below: Net income $275,000 Income tax expense 114,000 Interest expense 74,000 Based on the above data, which of the following is the times - interest - earned ratio? (Round the final answer to two decimal places.) O A. 6.26 times OB. 4.06 times O c. 3.72 times OD. 4.72 times O'Keith Company purchased a mine on January 1, 2018, for $500,000. The mine is estimated to contain 38,000 tons of iron ore. There is no residual value. The business extracted and sold 12,500 tons of ore in 2018 and 5,800 tons of ore in 2019. What is the book value of the mine at the end of 2019? (Round any intermediate calculations to two decimal places, and your final answer to the nearest dollar.) O A. $500,000 O B. $259,172 O c. $424,000 OD. $350,000