A company sold equipment that originally cost $290000 for $203000 cash. The accumulated departing the equipment was $87000.The c

Question

3 years ago

10

ompany should recognize a:

1 answer:

Katyanochek1 [597] · Answer 1 · 2022-02-14T20:15:35+03:00

5 0

Answer:

Gain or loss= 0

Step-by-step explanation:

Gain or loss= Proceeds from sale- Book value

Proceeds from sale= 203,000

Book value= original cost- accumulated depreciation= 290,000-87,000

Book value= 203,000

Gain or loss= 203,000-203,000=0