Multiple Choice
Mayflower Company had a machine with a cost of $123,000 and accumulated depreciation of $87,000 that was sold at for a gain of $5,000.What amount of cash was received from the sale?
A) $30,000
B) $36,000
C) $41,000
D) $128,000
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q143: How are research and development costs reported
Q144: Yellow Dog Transit sold an old
Q145: The effect of recording depreciation for the
Q146: Newco Publishing Company purchased equipment at the
Q147: Which of the following accounts would not
Q149: For each of the following intangible
Q150: Ramirez Stores purchased a trademark at the
Q151: Acquisition cost is also referred to as
Q152: On the balance sheet,a company reports plant
Q153: Assets classified as property,plant,and equipment are reported