Exam 30 Saved Help Save & Exit 19 A company sold equipment that originally cost $290,000...

Question

Question

Answer 1

Answer #1

Originally purchased machinery for $290000

Accumulated depreciation as on the date of sale $87000

Net book value on the date of sale is $203000

Sold machinery for cash $203000

Profit / loss on sale of machine is 0

Answer is

0$ gain/ loss

Answer 2

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