On January 1, 2017, Plant Assets, Net Are $200,000

question 15

Multiple Choice

On January 1, 2017, plant assets, net are $200,000. On December 31, 2017, plant assets, net are $260,000. Depreciation expense for the year is $19,000. During the year, plant assets were acquired for $146,000 with cash. There is a Gain on sale of plant asset of $8000. What is the book value of the plant asset sold during the year?

• A)$0
• B)$59,000
• C)$67,000
• D)$86,000

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