Business, 23.03.2020 19:55 clairajogriggsk
Career Services, Incorporated sold some office equipment for $52,000 on December 31, 2021. The journal entry to record the sale would include a gain or a loss of how much if the original cost of the equipment was $80,000 with a residual value of $5,000 and a useful life of 10 years
Assume the machine was purchased onJanuary 1,2009 and depreciated using the straight-line method.
A. Gain of $2,000.
B. Loss of $9,500
C. Gain of $9,500
D. Loss of $2,000
Answers: 3
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Career Services, Incorporated sold some office equipment for $52,000 on December 31, 2021. The journ...
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