Thunder Corporation Had a Beginning Balance in Net Plant Assets

question 48

Multiple Choice

Thunder Corporation had a beginning balance in net plant assets of $220,000. During the year, Thunder purchased $60,000 of new plant assets. Depreciation expense for the year was $30,000, and there was a net gain on the sale of plant assets was $3,000. The ending balance in net plant assets was $170,000. The book value of the plant assets sold was:

• A)$ 80,000.
• B)$140,000.
• C)$ 40,000.
• D)none of the above.

---

Definitions:

Eye Contact

The act of looking directly into another individual's eyes, an important non-verbal communication that can indicate trust, attention, or aggression.

Repeats

The action or process of doing something again or multiple times.

Impaired Social Responses

Difficulties in effectively responding to social interactions, which can be a sign of certain psychological or developmental disorders.

Autism Spectrum Disorder

A range of neurodevelopmental conditions characterized by challenges with social interaction, communication, and repetitive behaviors and interests.