Business, 26.11.2019 00:31, tuetheturtle
On december 31, strike company sold one of its batting cages for $20,000. the equipment had an initial cost of $310,000 and had accumulated depreciation of $260,000. depreciation has been recorded up to the end of the year. what is the amount of the gain or loss on this transaction?
a. gain of $30,000
b. gain of $20,000
c. loss of $20,000
d. loss of $30,000
Answers: 2
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On december 31, strike company sold one of its batting cages for $20,000. the equipment had an initi...
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