An asset's book value is $18,200 on December 31, Year 5. The asset has been depreciated at an annual rate of $3200 on the straight-line method. Assuming the asset is sold on December 31, Year 5 for $15,200, the company should record:
A. Neither a gain nor a loss is recognized on this type of transaction.
B. A loss on sale of $3,000.
C. A gain on sale of $1800.
D. A gain on sale of $3,000.
E. A loss on sale of $1800.
Answer: B
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"VITAMINS R US" is a large manufacturer of various kinds of liquid vitamins. The quality control department has noted that the bottles of vitamins marked 4 ounces vary in content with a standard deviation of 0.25 ounces. Assume the contents of the bottles are normally distributed. a.What percentage of all bottles produced contains more than 4.51 ounces of vitamins?b.What percentage of all bottles produced contains less than 4.925 ounces?c.What percentage of bottles produced contains between 3.6 to 4.2 ounces?d.Ninety-five percent of the bottles will contain at least how many ounces?e.What percentage of the bottles contains between 4.3 and 4.6 ounces?
What will be an ideal response?
Even-Bilt Construction contracts to build a warehouse for Discount E-Sales Company. Even-Bilt completely performs. Discount E-Sales is entitled to
a. damages. b. nothing more. c. to be excused from performance. d. suspend performance.
The International Monetary Fund (IMF) lends money to:
a. underdeveloped and developing countries b. members of the European Union c. all NAFTA members d. countries that need short-term loans to conduct international trade e. China, Japan, and Vietnam
According to the ________, an organization can increase brand awareness or even generate sales by Web-based word-of-mouth marketing or promoting a product or service to other people
A) electronic tendering systems model B) online direct marketing model C) name-your-own-price models D) viral marketing model