Mathematics, 20.12.2021 03:20, elijahjacksonrp6z2o7
A plant asset with a cost of $360,000 and accumulated depreciation of $342,000 is sold for $42,000. What is the amount of the gain or loss on disposal of the plant asset?
a. $42,000 loss.
b. $24,000 loss.
c. $24,000 gain.
d. $42,000 gain.
Answers: 2
Other questions on the subject: Mathematics
Mathematics, 22.06.2019 02:00, Mitchmorgan3816
Sally deposited money into a savings account paying 4% simple interest per year. the first year, she earned $75 in interest. how much interest will she earn during the following year? show your work and explain your reasoning in the space provided below.
Answers: 2
Do you know the correct answer?
A plant asset with a cost of $360,000 and accumulated depreciation of $342,000 is sold for $42,000....
Questions in other subjects:
Mathematics, 27.03.2021 02:10
Mathematics, 27.03.2021 02:10
English, 27.03.2021 02:10
Social Studies, 27.03.2021 02:10
