Clark Imports Sold a Depreciable Plant Asset for Cash of $35,000.The

question 36

Multiple Choice

Clark Imports sold a depreciable plant asset for cash of $35,000.The accumulated depreciation amounted to $70,000,and a loss of $5,000 was recognized on the sale.Under these circumstances,the original cost of the asset must have been:

• A)$65,000.
• B)$75,000.
• C)$100,000.
• D)$110,000.

---

Definitions:

Daily Activities

Routine tasks and behaviors performed by individuals on a daily basis, essential for personal care and living.

Psychosocial

Referring to the interrelation of social factors and individual thought and behavior, highlighting how social environments influence psychological development.

Risk Factors

are characteristics or conditions that increase the likelihood of developing a disease or injury.

Chronicity

A characteristic of a health condition where it is long-lasting or recurrent, typically requiring long-term management.