The Pizza Store Trades in a Delivery Car for a Newer

question 116

Multiple Choice

The Pizza Store trades in a delivery car for a newer model.The old delivery car has a cost of $9,000 and accumulated depreciation of $7,000.The Pizza Store pays cash of $8,000.The fair value of the newer car is $16,000.What is the gain or loss for the Pizza Store on the exchange of vehicles?

• A)$6,000 loss
• B)$2,000 gain
• C)$6,000 gain
• D)$8,000 gain

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Language Acquisition

The process by which humans acquire the capacity to perceive, produce, and understand language, typically developing rapidly in the early years of life.

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ASL Acquisition involves the process of learning or acquitting the American Sign Language, used predominantly by the deaf and hard-of-hearing communities in the United States.

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