A Photocopier Cost $95,000 When New and Has Accumulated Depreciation

question 143

Multiple Choice

A photocopier cost $95,000 when new and has accumulated depreciation of $90,000.If the business discards this plant asset,the result is ________.

• A)a loss of $5,000
• B)a loss of $11,250
• C)a gain of $5,000
• D)no gain or no loss

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