Multiple Choice
Equipment to be sold has a book value of $4,000.The cost of the equipment is $10,000.The cash received at sale is $2,000.What is the gain or loss on disposal of the equipment?
A) loss on disposal of $2,000
B) loss on disposal of $4,000
C) loss on disposal of $6,000
D) gain on disposal of $2,000
Correct Answer:
Verified
Correct Answer:
Verified
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