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ABC Company had an equipment with an original cost of $20,000, estimated useful life of 4 years and no salvage value. On September 30, 2020,
ABC Company had an equipment with an original cost of $20,000, estimated useful life of 4 years and no salvage value. On September 30, 2020, the company sold the equipment and a loss of $1,000 was recorded. The accumulated depreciation on the disposal day was $13,750. On September 30, 2020 the cash received was: * $20,000 O $14,750 $12,750 $5,250 None of the above
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