Multiple Choice
A company discarded a computer system originally purchased for $18,000. The accumulated depreciation was $17,200. The company should recognize a(an) :
A) $7,200 loss.
B) $8,000 loss.
C) $800 loss.
D) $800 gain.
E) $0 gain or loss.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q125: A company purchased and installed machinery on
Q126: Betterments are a type of capital expenditure.
Q127: _is an estimate of an asset's
Q128: On January 2, 2010, a company purchased
Q129: Salvage value is an estimate of an
Q131: The Modified Accelerated Cost Recovery System (MACRS)
Q132: A company purchased a mineral deposit for
Q133: A company made the following expenditures
Q134: An asset's book value is $18,000 on
Q135: Flask Company reports net sales of $4,315