On May 1, 2011, Platypus Ltd

question 34

Multiple Choice

On May 1, 2011, Platypus Ltd. purchased a new machine for $132,000. At the time of acquisition, the machine was estimated to have a useful life of ten years and an estimated residual value of $6,000. The company has recorded monthly depreciation using the straight-line method. On March 1, 2020, the machine was sold for $18,000. The loss to be recognized from the sale is

• A) $0.
• B) $2,700.
• C) $6,000.
• D) $8,700.

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Definitions:

Digestive Activity

The complex process of breaking down food into absorbable components in the digestive system.

Salivary Activity

The production and release of saliva from the salivary glands in the mouth, which aids in digestion and helps maintain oral health.

Sympathetic Nervous System

Part of the autonomic nervous system that activates the body's rapid involuntary response to dangerous or stressful situations, often referred to as "fight or flight" response.

Parasympathetic Nervous System

A division of the autonomic nervous system that promotes relaxation and functions under normal, non-stressful conditions.