Corey Sales Sold Its Old Office Furniture for $1,100

question 85

Multiple Choice

Corey Sales sold its old office furniture for $1,100.The original cost was $8,000,and at the time of sale,it had accumulated depreciation of $7,000.What was the effect of the transaction?

• A) Gain of $100
• B) Gain of $400
• C) Loss of $1,600
• D) Loss of $600

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Definitions:

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Disparities or imbalances of power, responsibilities, or resources between spouses within a marriage.

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The act of creating emotional or physical space from others; it can be a coping mechanism or a part of social dynamics.

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The act of comparing oneself or others in a way that highlights strengths and achievements, often to boost self-esteem or motivation.

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