A company had a tractor destroyed by fire. The tractor originally cost $85,000 with accumulated depreciation of $60,000. The proceeds from the insurance company were $20,000. The company should recognize:
A. A gain of $5,000.
B. A loss of $20,000.
C. A gain of $65,000.
D. A loss of $5,000.
E. A gain of $20,000.
Answer: D
You might also like to view...
Authority is a right to give orders, and ______ is an obligation to answer for those orders.
A. accountability B. sustainability C. principles D. responsibility
Which of the following is true regarding the use of domain names?
A. Domain names cannot have hyphens or underscore symbols in them. B. Longer domain names are better than shorter ones. C. It is advantageous for a company to select a domain name that is similar to its competitor. D. A good domain name does not have to reflect what the site is about. E. It helps if a company's domain name is the same as its brand.
Write the Lagrangian function for the following nonlinear program:
Min x12 + 2x22 - 8x1 - 12x2 + 34 subject to: x12 + 2x22 = 5
A(n) ________ is issued with no or very low coupon and sells significantly below its par value
A) income bond B) zero or low coupon bond C) mortgage bond D) subordinated debenture