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Debit Expense ST detit Notes Notes Payable s32 136 deb Payable s 11.250. crest Cash sl3 Jos QUESTION 11 asset is being depreciated ssoo per

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Debit Expense ST detit Notes Notes Payable s32 136 deb Payable s 11.250. crest Cash sl3 Jos QUESTION 11 asset is being depreciated ssoo per month using the straighedine method Assuming the asset is seld on Juay 1.Y.ar T for szs too. compuny reco A gain on sale of S2,000. Neither a gain or loss is recognized on this type of transaction A loss on sale of S2.000 A gain on sale of s1.000 EST

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