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

---

Definitions:

Directive Style

A leadership approach characterized by clear, authoritative instructions and close supervision of tasks.

Participative Style

A leadership approach that involves all members of a team or organization in identifying essential goals and developing strategies for reaching those goals.

Self-Esteem

An individual's subjective evaluation of their own worth or value.

Leadership Selection

The process of choosing individuals to guide, influence, and direct a group towards achieving its goals.