Where can you find books when you Tabe To another level of class like level A D M and E
1 answer:
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Answer:
Option (a) is correct.
Explanation:
Depreciation in 2017:
= $1,750
Accumulated Depreciation = $29,400 + Depreciation in 2017
= $29,400 + $1,750
= $31,150
Book value on date of sale = Original cost - Accumulated Depreciation
= 50,000 - 31,150
= 18,850
Loss on sale = Book value on date of sale - Sales price
= 18,850 - 18,000
= $850 (Loss)