Ngu Owns Equipment That Cost $93,500 with Accumulated Depreciation of $64,000.Ngu

question 109

Multiple Choice

Ngu owns equipment that cost $93,500 with accumulated depreciation of $64,000.Ngu asks $35,000 for the equipment but sells the equipment for $33,000.Compute the amount of gain or loss on the sale.

• A)$3,500 loss.
• B)$5,500 gain.
• C)$5,500 loss.
• D)$3,000 gain.
• E)$3,500 gain.

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Definitions:

Structural Violence

Violence wherein social structures or institutions harm people by preventing them from meeting their basic needs.

Psychological Harm

Damage to an individual’s mental state, which can impair emotional wellbeing and functionality, often resulting from traumatic experiences or stress.

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Gini Index

A statistical measure of income inequality within a population, ranging from 0 (perfect equality) to 1 (perfect inequality).