Mayflower Company Had a Machine with a Cost of $123,000

question 148

Multiple Choice

Mayflower Company had a machine with a cost of $123,000 and accumulated depreciation of $87,000 that was sold at for a gain of $5,000.What amount of cash was received from the sale?

• A)$30,000
• B)$36,000
• C)$41,000
• D)$128,000

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Definitions:

Employment Opportunities

Available job positions that individuals can apply for within the labor market.

Productivity

A measure of the efficiency of a person, machine, factory, system, etc., in converting inputs into useful outputs.

Human Capital

The skills, knowledge, and experience possessed by an individual or population, viewed in terms of their value or cost to an organization or country.

Physical Capital

Tangible assets such as buildings, machinery, and equipment used in the production of goods and services.