Equipment with a Cost of $10,000 and a Book Value

question 36

Multiple Choice

Equipment with a cost of $10,000 and a book value of $3,000 was sold during the year for cash of $9,000.Additional equipment was purchased during the year for cash.Use the information above to answer the question below.The company uses the indirect method in preparing the statement of cash flows.What is the amount of depreciation expense that will be reported in the operating activities section of the statement?

• A)$4,000
• B)$11,000
• C)$7,000
• D)$10,000

Understand the law of one price and its application in comparing goods prices internationally.

Comprehend how fixed exchange rates function and the concept of pegging a currency.

Analyze the effects of currency valuation on domestic industries and international trade.

Grasp the significance of spreads in foreign exchange markets.

---

Definitions:

Regular Rhythm

A consistent and repeated pattern or sequence in a process, often related to musical beats or biological cycles.

Hypothermia

A medical emergency that occurs when your body loses heat faster than it can produce heat, causing a dangerously low body temperature.

Normal Temperature

The average body temperature maintained by the human body under resting conditions.

Hyperthermic

Characterized by an abnormally high body temperature, often as a result of illness or environmental factors.