Corey Sales Sold Its Old Office Furniture for $400

question 157

Multiple Choice

Corey Sales sold its old office furniture for $400.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 $600
• B) Gain of $400
• C) Loss of $1,600
• D) Loss of $600

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Definitions:

Skill Variety

The degree to which a job requires a range of different activities and skills, influencing worker engagement and satisfaction.

Flexible Working Hours

A work arrangement that allows employees to adjust their working times and locations, promoting work-life balance.

Telecommuting

The practice of working remotely, often from home, using digital communication technologies instead of being physically present at a company's office.

Compressed Workweek

An alternative work schedule allowing employees to work longer hours on fewer days, often resulting in a three-day weekend.