Business
Business, 14.12.2019 06:31, sunny6946

On january 1, 2019, plant assets, net are $200,000. on december 31, 2019, plant assets, net are $250,000. depreciation expense for the year is $20,000. during the year, plant assets were acquired for $155,000 with cash. there is a gain on sale of plant asset of $8000. what is the book value of the plant asset sold during the year?

a. $105,000
b. $77,000
c. $85,000
d. $0

answer
Answers: 2

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On january 1, 2019, plant assets, net are $200,000. on december 31, 2019, plant assets, net are $250...

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