An asset's book value is $18,000 on December 31, Year 5. The asset has been depreciated at an annual rate of $3,000 on the straight-line method. Assuming the asset is sold on December 31, Year 5 for $15,000, the company should record:
A. A gain on sale of $12,000.
B. A loss on sale of $12,000.
C. A gain on sale of $3,000.
D. A loss on sale of $3,000.
E. Neither a gain nor a loss is recognized on this transaction.
Answer: D
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Biological groupings are part of
a. ethnic classifications. b. race classifications. c. physical classifications. d. social classifications.
On the statement of cash flows prepared by the indirect method, a $50,000 gain on the sale of investments would be
A) deducted from net income in converting the net income reported on the income statement to cash flows from operating activities B) added to net income in converting the net income reported on the income statement to cash flows from operating activities C) added to dividends declared in converting the dividends declared to the cash flows from financing activities related to dividends D) deducted from dividends declared in converting the dividends declared to the cash flows from financing activities related to dividends
Which of the following statements about American teenagers is correct?
a. They spend about six hours per week tuned in electronically. b. They make the largest cohort group. c. They like interactive promotional activities. d. They prefer Tumblr and Instagram to Facebook.
The two sets of factors that contribute to cross-functional cooperation influence:
A) Criticality and accessibility. B) Functionality and outcomes. C) Cooperation and outcomes. D) Cooperation and criticality.