A Company Discarded a Computer System Originally Purchased for $18,000

question 127

Multiple Choice

A company discarded a computer system originally purchased for $18,000.The accumulated depreciation was $17,200.The company should recognize a(an) :

• A)$0 gain or loss.
• B)$800 loss.
• C)$800 gain.
• D)$8,000 loss.
• E)$7,200 loss.

---

Definitions:

LEO

Low Earth Orbit; a satellite system orbiting relatively close to Earth, typically between 160 to 2,000 kilometers.

MEO

Medium Earth Orbit, a region of space around the Earth positioned at an altitude higher than low Earth orbit (LEO) and lower than geostationary orbit (GEO).

Launch Cost

The total expenses associated with the introduction of a new product or service to the market, including research, marketing, and any initial operational costs.

GEO

refers to Geographical Information Systems (GIS), which are systems that capture, store, manipulate, analyze, manage, and present spatial or geographic data.