A Company Sells a Plant Asset That Originally Cost $375,000

question 128

Multiple Choice

A company sells a plant asset that originally cost $375,000 for $125,000 on December 31, 2017. The accumulated depreciation account had a balance of $150,000 after the current year's depreciation of $37,500 had been recorded. The company should recognize a

• A)$250,000 loss on disposal.
• B)$100,000 gain on disposal.
• C)$100,000 loss on disposal.
• D)$62,500 loss on disposal.

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Definitions:

Persuasion

The process of influencing someone's beliefs, attitudes, or behaviors through communication.

Persuasion Knowledge Model

A framework describing how people develop and use knowledge about persuasion to interpret and engage with persuasive messages.

Personal Outcome

The specific result or consequence experienced by an individual as a result of their actions or decisions.

Martyrdom Effect

The phenomenon where individuals may place a higher value on goals or goods that they suffer for or put significant effort into attaining.