Answer:
loss of $1,200
Explanation:
Depreciation is the systematic allocation of cost to an asset. it is given as
Depreciation = (cost - salvage value)/useful life
When an asset is sold at an amount lower than its carrying or net book value, a loss on sale/disposal is recognized otherwise, a gain on disposal. The netbook value is the cost less accumulated depreciation.
Depreciation = ($33,000 - $4,000)/5
= $5800
Netbook value at disposal = $33,000 - $5800
= $27,200
Gain/(loss) on disposal = $26,000 - $27,200
= ($1,200)
I am the age 17 and I am A)Single
A hypothesis is a educated guess made about the predicted outcome of the experiment. They are made before starting the scientific experiment.
Answer
The answer and procedures of the exercise are attached in a microsoft excel document.
Explanation
Please consider the data provided by the exercise. If you have any question please write me back. All the exercises are solved in a single sheet with the formulas indications.
