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:

Cerebrospinal Fluid

A clear, colorless body fluid found in the brain and spinal cord, playing a critical role in protecting these structures and maintaining their environment.

Ventricles

Chambers of the heart that receive blood from the atria and contract to propel blood out of the heart into the arteries.

Broca's Area

A region in the frontal lobe of the brain that is involved in language processing, speech production, and comprehension.

Wernicke's Area

A region of the brain that is important for language comprehension, located in the posterior section of the superior temporal gyrus in the dominant cerebral hemisphere.