A Machine with a Cost of $100,000 and Accumulated Depreciation

question 17

Multiple Choice

A machine with a cost of $100,000 and accumulated depreciation of $80,000 was sold at a loss of $6,000.What amount of cash was received from the sale?

• A)$26,000
• B)$14,000
• C)$20,000
• D)$94,000

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Definitions:

Sample

A subset of elements chosen from a larger set (population), typically used to infer properties about the population.

Population

The entire group of individuals or instances about whom the study is concerned or from which the data is drawn.

Self-Selected Sample

A sample whose participants have chosen to be in the study, which may not be representative of the larger population and can introduce bias.

Sampled Population

The subset of individuals or items selected from a larger population for the purpose of conducting a study or analysis.