On July 1 2022 Dillman Kennels Sells Equipment for $110000

question 99

Multiple Choice

On July 1 2022 Dillman Kennels sells equipment for $110000.The equipment originally cost $300000 had an estimated 5-year life and an expected salvage value of $50000.Accumulated Depreciation had a balance of $175000 on January 1 2022 using the straight-line method.The gain or loss on disposal is

• A)$15000 gain.
• B)$10000 loss.
• C)$15000 loss.
• D)$10000 gain.

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Definitions:

Inappropriate Manner

Behavior that is not suitable or proper in a given context or situation, often violating social norms or expectations.

Work Ethic

A set of values based on the virtues of hard work and diligence, emphasizing the importance of work for personal development and success.

Intrinsic Reason

Motivation driven by an interest or enjoyment in the task itself, rather than external pressure or a desire for reward.

Morally Obligated

A sense of duty or requirement to act in a manner consistent with what is considered right or ethical.