On July 1, 2014, Fleming Company Sells Machinery for $120,000

question 204

Multiple Choice

On July 1, 2014, Fleming Company sells machinery for $120,000. The machinery originally cost $300,000, had an estimated 5-year life and an expected salvage value of $50,000. The Accumulated Depreciation account had a balance of $175,000 on January 1, 2014, using the straight-line method. The gain or loss on disposal is

• A) $20,000 gain.
• B) $5,000 loss.
• C) $10,000 loss.
• D) $5,000 gain.

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Characteristics or activities that are traditionally associated with masculinity or femininity in a given culture.

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