An Asset with a Cost of $45,000 and Accumulated Depreciation

question 75

Multiple Choice

An asset with a cost of $45,000 and accumulated depreciation of $37,500 is sold for $9,500.What is the amount of the gain or loss on disposal?

• A)$2,500 loss
• B)$2,500 gain
• C)$2,000 gain
• D)$2,000 loss

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Definitions:

Antipyretic Medication

Drugs specifically designed to lower fever by acting on the heat-regulating center in the brain, similar to but distinct in formulation from other fever-reducing agents.

Causative Organism

A term referring to the specific microorganism, such as bacteria or virus, that causes a disease.

Sphygmomanometer

A device used to measure blood pressure, consisting of an inflatable cuff to restrict blood flow and a mercury or aneroid manometer to gauge the pressure.

Blood Pressure

The force of blood pushing against the walls of the arteries as the heart pumps, essential for diagnosing and monitoring heart health.