an assets book value is 18000 on december 31 year 5. the asset has been depreciated at an annual rate of 3000 on the str...
an assets book value is 18000 on december 31 year 5. the asset has been depreciated at an annual rate of 3000 on the straight line method. assuming the asset is sold on december 31, year 5 for 15000 the company should record
Homework Answers
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Gain (Loss) on sale = Cash received - Book value of asset = 15,000 - 18,000 = 3,000 loss |
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an assets book value is 18000 on december 31 year 5. the asset has been depreciated at an annual rate of 3000 on the str...
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