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Question 14 4 pts An asset's book value is $18,000 on December 31, after five full years of depreciation. Assuming the asset is sold at
Question 14 4 pts An asset's book value is $18,000 on December 31, after five full years of depreciation. Assuming the asset is sold at that point for $15,000, the company should record: O Again on sale of $12,000 Neither a gain nor a loss is recognized on this transaction O Again on sale of $3,000 O A loss on sale of $12,000 A loss on sale of $3,000 Question 15 4 pts Wickland Company installs a manufacturing machine in its production facility at the beginning of the year at a cost of $87,000. The machine's useful life is estimated to be 5 years, or 400,000 units of product, with a $7,000 salvage value. During its second year, the machine produces 84,500 units of product. Determine the machines' second year depreciation expense only under the units-of-production method. O $16,000 $17,400 O $18,379 O $16,900 O $20,880
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