Question
a piece of equipment with a cost of $11,000 a useful life of 5 years and a salvage value of $1000 is a depriciated using
a piece of equipment with a cost of $11,000
a useful life of 5 years and a salvage value of $1000 is a depriciated using the streight line depriciation method. On the first day of the forth year the equipemtn is sold fo $4000. using this info, comlete gain or loss on the sales of the equipement?
1000 gain
3000 loss
2000 gain
1000 loss.
this is what i have .
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Horngrens Financial And Managerial Accounting The Financial Chapters
Authors: Tracie L. Miller Nobles, Brenda L. Mattison, Ella Mae Matsumura
6th Edition
978-0134486840, 134486838, 134486854, 134486846, 9780134486833, 978-0134486857
