contestada

An asset which costs $97,600 and has accumulated depreciation of $82,000 is sold for $18,000. what amount of gain or loss will be recognized when the asset is sold

Respuesta :

Aliwohaish12
Book value
Cost of an asset-accumulated dep
97,600−82,000=15,600

So
18,000−15,600=2,400
a gain of $2,400.

Hope it helps

Otras preguntas