Equipment with an original cost of $120,000 and accumulated depreciation of $75,000 was sold for $35,000 cash. What is the gain or loss on disposal? . a. Loss of $10,000 • b. Gain of $10,000 • c. Loss of $85,000 . d. Gain of $85,000

A fixed asset with a cost of $27,355 and accumulated depreciation of $24,619.50 is sold for $4,650.35. What is the amount of the gain or loss on disposal of the fixed asset? a.$2,735.50 loss b.$2,735.50 gain c.$1,914.85 loss d.$1,914.85 gain

??

A fixed asset with a cost of $31,365.00 and accumulated depreciation of $28,228.50 is sold for $5,332.05. What is the amount of the gain or loss on disposal of the fixed asset? Select the correct answer. $3,136.50 loss $2,195.55 loss $2,195.55 gain $3,136.50 gain

A fixed asset with a cost of $25,104 and accumulated depreciation of $22,593.60 is sold for $4,267.68. What is the amount of the gain or loss on disposal of the fixed asset? a.$1,757.28 gain b.$2,510.40 loss c.$1,757.28 loss d.$2,510.40 gain

8. A plant asset with a cost price of R900 000 and accumulated depreciation of R800 000 was sold for R80 000. What is the profit or loss on disposal of the asset?    A. R20 000 loss  B. R20 000 gain  C. R80 000 gain  D. R80 000 loss

A fixed asset with a cost of $32,167.00 and accumulated depreciation of $28,950.30 is sold for $5,468.39. What is the amount of the gain or loss on disposal of the fixed asset? Select the correct answer. A. $2,251.69 loss   B. $2,251.69 gain   C. $3,216.70 gain   D. $3,216.70 loss

A fixed asset with a cost of $33,769.00 and accumulated depreciation of $30,392.10 is sold for $5,740.73. What is the amount of the gain or loss on disposal of the fixed asset? Select the correct answer. $2,363.83 gain $2,363.83 loss $3,376.90 loss $3,376.90 gain

Need Answer

A fixed asset with a cost of $34,571 and accumulated depreciation of $31,113.90 is sold for $5,877.07. What is the amount of the gain or loss on disposal of the fixed asset? Oa. $3,457.10 loss Ob. $3,457.10 gain Oc. $2,419.97 gain Od. $2,419.97 loss