Use the Following Information to Answer Questions

question 30

Multiple Choice

Use the following information to answer questions
Rapid City traded in a used pickup for a new pickup with a sticker price of $44,000.The old truck had a historical cost of $40,000, accumulated depreciation of $16,000, and a fair value of $27,000.The dealer took the old truck and $13,000 cash for the new truck.
-What is the amount of gain/loss that should be reported in the General Fund financial statements?

• A)$0.
• B)$3,000 gain.
• C)$3,000 loss.
• D)$7,000 gain.

---

Definitions:

Sympathetic Nerves

Part of the autonomic nervous system that prepares the body for "fight or flight" response, regulating heart rate, blood pressure, and energy mobilization.

Parasympathetic Nerves

Nerves of the autonomic nervous system that conserve energy by slowing the heart rate and increasing intestinal and gland activity.

Spinal Nerves

Nerves that originate from the spinal cord and branch out to various parts of the body to transmit sensory and motor signals.

Cranial Nerves

Cranial Nerves are twelve pairs of nerves that emerge directly from the brain, not the spinal cord, and are responsible for various functions including sensory and motor activities.