A Photocopier Costs $95,000 When New and Has Accumulated Depreciation

question 46

Multiple Choice

A photocopier costs $95,000 when new and has accumulated depreciation of $88,000.Suppose the corporation junks this machine and receives nothing.What is the result of the disposal transaction?

• A)loss of $ 7,000
• B)no gain or no loss
• C)loss of $ 11,000
• D)gain of $ 7,000

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Definitions:

Surface Chart

A type of chart used in data visualization to represent three-dimensional data; it shows the relationships among three variables.

Cumulative Effect

The overall impact resulting from the addition of several individual effects.

Line Chart

A type of graph that displays information as a series of data points connected by straight line segments.

Data Visualization

The representation of data in a graphical or pictorial format, making it easier to see patterns, trends, and outliers.