A Piece of Equipment That Was Originally Purchased for $25,000

question 62

True/False

A piece of equipment that was originally purchased for $25,000, had accumulated depreciation of $18,000, and was sold for $8,000, would recognize a gain of $1,000.

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Definitions:

Collective Distribution

The sharing or spreading of resources or benefits among members of a group.

GLOBE Model

A theory in organizational behavior that describes, understands, and predicts the impact of cultural variables on leadership and organizational processes.

Active Management

A strategy in business and investments where decisions are made with the intention to outperform certain benchmarks or targets.

Transactional Leadership

A management style focused on supervision, organization, and performance; leadership is based on a system of rewards and punishments.