On January 1,2015,plant Assets,net Are $200,000

question 43

Multiple Choice

On January 1,2015,plant assets,net are $200,000.On December 31,2015,plant assets,net are $300,000.Depreciation expense for the year is $20,000.During the year,plant assets were acquired for $150,000 with cash.There is a Gain on Sale of Plant Asset of $10,000.What is the book value of the plant asset sold during the year?

• A)$0
• B)$20,000
• C)$30,000
• D)$50,000

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Definitions:

Pituitary Gland

Endocrine gland attached to the bottom of the hypothalamus; its secretions control the activities of many other endocrine glands; associated with biological rhythms.

Digestive System

The group of organs responsible for breaking down food, absorbing nutrients, and eliminating waste products from the body.

Blood-Brain Barrier

A selective permeability barrier that separates the circulating blood from the brain and extracellular fluid in the central nervous system, protecting the brain from foreign substances.

Blood-Brain Barrier

A selective barrier formed by endothelial cells that protects the brain from harmful substances in the blood while allowing essential nutrients to pass through.