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astraxan [27]
2 years ago
6

A fixed asset with a cost of $41,000 and accumulated depreciation of $36,500 is traded for a similar asset priced at $60,000. As

suming a trade-in allowance of $3,000, the recognized loss on the trade is
Business
1 answer:
Ivahew [28]2 years ago
8 0

Answer:

1,500

Explanation:

The fixed assets cost is $41,000

The accumulated depreciationn is $36,500

Similar assets was priced at $36,000

Trade in allowance is $3000

Therefore the recognised law on trade can be calculated as follows

41,000-36,500-3,000

= 1,500

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In the long run, assuming that the owner of a firm in a competitive industry has positive opportunity costs, she a. should exit
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Answer:

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3 years ago
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