Business, 17.10.2021 09:50 alimfelipe

A company buys a fixed asset on January 1, 2010 for $40,000. The accumulated depreciation for three years is $10,000. What will be the book value of the assets on December 31, 2012? The asset is sold on December 31, 2012 for $27,500. Will the company makes a profit from this disposal? The book value of the assets on December 31, 2012 is $. The company will make a .

First blank
1. 10,000
2. 40,000
3. 30,000

Second blank
1. Loss of 2,000
2. Loss of 2,500
3. Loss of 8,000

Answers: 3

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A company buys a fixed asset on January 1, 2010 for $40,000. The accumulated depreciation for three...