Ngu owns equipment that cost $94,100 with accumulated depreciation of $64,400. Ngu asks $35,150 for the equipment but sells the equipment for $33,100. Compute the amount of gain or loss on the sale.
A. $5450 loss.
B. $3400 loss.
C. $3400 gain.
D. $5450 gain.
E. $2050 gain.
Answer: C
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Key implications of customer-generated reviews include the following, except:
A) too many negative reviews and low-star ratings will be harmful to a company B) reviews stress the importance of consistent high-quality customer products and services C) positive reviews will have a positive impact on sales D) reviews provide information on how a company's product is being evaluated by customers and how the brand compares to competing brands
Balance sheet accounts are also known as which of the following?
a. Nominal accounts b. Real accounts c. Temporary accounts d. Closing accounts
During October, Department A started 320,000 units of product in a particular manufacturing process. The beginning work in process inventory was 50,000 units, and the ending inventory was 30,000 units. Direct materials are introduced at the start of processing, and beginning and ending inventories are considered to be 50 percent complete with respect to conversion costs. Department A uses the
FIFO costing method. Units transferred out during October were a. 335,000. b. 370,000. c. 325,000. d. 340,000.
Good sources of feedback include
a. counselors. b. teachers. c. employment supervisors. d. all of these choices.