A firm acquires a car for company business. The car costs $12,000, has a useful life of 5 years, and a salvage value of $2,000 . The straight-line method of depreciation is used. What is the gain or loss on retirement if the car is sold for $5,000 after three years of use?
a. a gain of $200
b. a loss of $1,000
c. a gain of $1,000
d. a loss of $200
e. a loss of $800
B
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A retailer has the greatest control over retail price setting in a(n) _____
a. price war b. regulated pricing environment c. administered pricing environment d. market pricing environment
Distinguish between minor breach and material breach.
What will be an ideal response?
Determine where the following two constraints intersect
2X - 4Y = 800 ?X + 6Y ? -200 What will be an ideal response?
A Pony Express Armored Car was transporting bank receipts from six branch banks to the main bank. A group of robbers staged a daring robbery. They forced the armored car off the road, shot two guards, and took over $120,000 in cash
Which insuring agreement in a financial institution bond would cover the stolen money in this case? A) Insuring Agreement A—Fidelity B) Insuring Agreement B—On Premises C) Insuring Agreement C—In Transit D) Insuring Agreement D—Forgery or Alteration