A Company Discarded a Computer System Originally Purchased for $18,000

question 127

Multiple Choice

A company discarded a computer system originally purchased for $18,000.The accumulated depreciation was $17,200.The company should recognize a(an) :

• A)$0 gain or loss.
• B)$800 loss.
• C)$800 gain.
• D)$8,000 loss.
• E)$7,200 loss.

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Definitions:

Follow-Up Message

A communication sent to re-engage or provide additional information to a recipient after an initial interaction.

Interview

An official gathering where one or more individuals interrogate, seek advice from, or assess another individual.

Legally Binding Contract

An agreement between parties that is enforceable by law, where each party has specific obligations.

Written Acceptance

A formal acknowledgment in writing that agrees to terms or conditions proposed.