Albatross Services Scrapped a Van

question 136

Multiple Choice

Albatross Services scrapped a van.The van originally cost $40,000 and had accumulated depreciation of $38,000.What was the effect of scrapping the van?

• A) Gain of $2,000
• B) No gain or loss
• C) Loss of $1,600
• D) Loss of $2,000

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Definitions:

Borderline Personality Disorder

A mental health disorder characterized by pervasive instability in moods, interpersonal relationships, self-image, and behavior, often leading to impulsive actions and problems in relationships.

Schizophrenia

A chronic and severe mental disorder that affects how a person thinks, feels, and behaves, leading to delusions, hallucinations, and impaired functioning.

Depression

An emotional health condition marked by a constant feeling of gloominess or a lack of enthusiasm in tasks, significantly disrupting daily activities.

Bipolar Disorder

A mental health condition characterized by extreme mood swings including emotional highs (mania or hypomania) and lows (depression).