Multiple Choice
What is the gain or loss on the sale of an asset for $68,000 if the asset cost $185,000,depreciation expense deducted was $124,000,and there was a $19,000 major addition to the asset?
A) $0
B) $12,000 loss
C) $7,000 gain
D) $117,000 loss
Correct Answer:
Verified
Correct Answer:
Verified
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