What Is the Gain or Loss on Equipment Recognized by Devin

question 93

Multiple Choice

What is the gain or loss on equipment recognized by Devin on its internal accounting records for 2017?

• A) $54,000 gain.
• B) $21,000 loss.
• C) $21,000 gain.
• D) $ 9,000 loss.
• E) $ 9,000 gain.

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Definitions:

Counselor

A professional who provides guidance, advice, or therapy to individuals or groups to promote mental health, emotional well-being, and personal growth.

Insight Therapies

A group of psychotherapies in which verbal interactions are intended to enhance clients’ self-knowledge and thus promote healthful changes in personality and behavior.

Behavior Therapies

The application of the principles of learning to direct efforts to change clients’ maladaptive behaviors.

Biomedical Therapies

Medical treatments for mental health disorders that involve medication, surgery, or other physiological interventions.