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.

Define a startup and understand its characteristics.

Understand the concept of serial entrepreneurship and its examples.

Understand the systematic naming of alkanes using IUPAC nomenclature.

Differentiate between various classes of hydrocarbons such as alkanes, alkenes, and alkynes.

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Definitions:

Interview Measure

A technique used in research and human resources to assess candidates or subjects through structured conversation to gauge capabilities or opinions.

Use of Cash

Refers to how a business or individual applies their cash resources, often categorized by operating, investing, and financing activities.

Accounts Payable

Obligations a company has to pay off in the near future to its suppliers or creditors, usually within one year.

Inventory

The total amount of goods, materials, and products held by a company for the purpose of sale or production, representing both a current asset and an integral part of the supply chain.