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Corseau reported deprecitaion costs of $30,000 in the operating activities section of its Statement of Cash Flows. The beginning balance in accumulated depreciation was $77,000,
Corseau reported deprecitaion costs of $30,000 in the operating activities section of its Statement of Cash Flows. The beginning balance in accumulated depreciation was $77,000, and the ending balance was $82,000. During the period, Corseau sold a long term depreciable asset that had originally cost $39,000. It was the only asset that Corseau sold during the period. What was the book value of the asset when it was sold? a.) $5,000 b.) $25,000 c.) $14,000 d.)$39,000
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