Phosphoric Company Reported Capital Assets, Net of Accumulated Depreciation, on January

question 116

Multiple Choice

Phosphoric Company reported capital assets, net of accumulated depreciation, on January 1, 2013, at $645,000 and $732,500 on December 31, 2013. The income statement showed depreciation of $48,300 and a $5,600 loss on sale of capital assets. Phosphoric Company acquired $213,000 of capital assets during the year. The proceeds from the sale of capital assets were:

• A) $125,500
• B) $89,900
• C) $71,600
• D) $77,200

---

Definitions:

Demographics

Statistical data relating to the population and particular groups within it, often used for marketing or policy-making.

Image-Processing Functions

Computational techniques that are applied to images to enhance them, extract information, or convert them into a desired format.

Copyrights

Legal rights granted to creators of original works, giving them exclusive control over the use, reproduction, and distribution of their work.

Model Permissions

The rights or authorizations granted to use a particular model, framework, or system.