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13. A company sells a plant asset which originally cost $355000 for $111000 on December 31, 2021. The Accumulated Deprec
Posted: Fri Jul 01, 2022 8:37 am
by answerhappygod
- 13 A Company Sells A Plant Asset Which Originally Cost 355000 For 111000 On December 31 2021 The Accumulated Deprec 1 (27.6 KiB) Viewed 30 times
13. A
company sells a plant asset which originally cost $355000 for $111000 on December 31, 2021. The Accumulated Depreciation account had a balance of $143000 after the current year's depreciation of $38000 had been recorded. The
company should recognize a A. $244,000 loss on disposal B. $63,000 loss on disposal C. $101,000 loss on disposal D. $101,000 gain on disposal