Equipment to Be Sold Has a Book Value of $4,000

question 146

Multiple Choice

Equipment to be sold has a book value of $4,000.The cost of the equipment is $10,000.The cash received at sale is $2,000.What is the gain or loss on disposal of the equipment?

• A) loss on disposal of $2,000
• B) loss on disposal of $4,000
• C) loss on disposal of $6,000
• D) gain on disposal of $2,000

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Definitions:

Therapists

Professionals trained in providing treatments and interventions for mental health issues, emotional challenges, and sometimes physical conditions.

Warn

To inform someone in advance of an impending or possible danger, problem, or other unpleasant situation.

Client-Therapist Confidentiality

A foundational principle of psychotherapy that ensures all communication between a client and therapist remains private, fostering a safe environment for honest discourse.

Tarasoff Case

A legal case that established the duty of mental health professionals to warn individuals who are being threatened with harm by a patient.