On December 31,Strike Company Sold One of Its Batting Cages

question 33

Multiple Choice

On December 31,Strike Company sold one of its batting cages for $20,000.The equipment had an initial cost of $310,000 and had accumulated depreciation of $260,000.Depreciation has been recorded up to the end of the year.What is the amount of the gain or loss on this transaction?

• A)gain of $20,000
• B) gain of $30,000
• C)loss of $20,000
• D)loss of $30,000

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Definitions:

Environmental Interventions

Actions taken to modify the physical or social environment with the aim of improving outcomes for individuals, communities, or ecosystems.

Concrete Resources

Tangible assets or physical items that can be utilized to achieve a goal or fulfill a need, such as money, facilities, or equipment.

Social Networks

Platforms or structures that connect individuals or organizations, facilitating communication, information exchange, and support.

Supportive Role Play

A therapeutic or training technique where individuals act out roles in a controlled environment to explore behaviors, practice responses, or enhance social skills.