WC Purchased an Asset That Had a List Price of $25,000

question 8

Multiple Choice

WC purchased an asset that had a list price of $25,000 and a cash price of $22,500. WC paid for this asset by paying $3,750 cash and trading in an old asset that originally cost $37,500 (accumulated amortization to date, $19,000) . The two assets are dissimilar. WC should recognize a gain or loss of:

• A) $250 gain.
• B) $1,750 gain.
• C) $2,750 gain.
• D) $2,000 loss.

Recognize the impact and development of bronze metallurgy.

Identify specialized labor in ancient civilizations.

Comprehend the significance of legal and administrative systems in ancient empires.

Trace the evolution of political systems across different civilizations.