A Task Station That Originally Cost $8,000 Has No Estimated

question 50

Multiple Choice

A task station that originally cost $8,000 has no estimated salvage value and was depreciated at the rate of 20% per year (straight-line depreciation) . At the end of the second year, it was sold for $4,000 cash. The transaction would result in a:

• A) loss of $400.
• B) gain of $400.
• C) loss of $800.
• D) gain of $800.

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Definitions:

Prison Rape Elimination Act

A United States federal law aimed at preventing and addressing sexual assault and rape in the prison system.

U.S. Law

The legal framework and body of laws that govern the United States, including the Constitution, statutes, case law, and regulations.

Male Prison Rape

The act of sexual assault among male inmates within correctional facilities, a significant issue affecting the safety and rights of prisoners.

Warning Shots

Discharge of firearms not aimed to hit a target but intended to signal or intimidate opponents or to stop an advance.