RJ Owns a Used Crane That Was Originally Purchased on August

question 176

Multiple Choice

RJ owns a used crane that was originally purchased on August 1, 2012, for $180,000. Straight-line monthly amortization has been recorded on the basis of an estimated useful life of 5 years and no residual value. On January 31, 2015, RJ sold the crane for $92,000 cash. The pre-tax gain (loss) on the disposal was:

• A) $88,000 loss.
• B) $-0-
• C) $2,000 gain.
• D) $4,000 gain.

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Definitions:

Sleep

A state of rest comprising several stages, during which the body and brain undergo various processes essential for health and recovery.

Stimuli

External or internal agents or factors that provoke a physiological or psychological response or action in an organism.

Bedtime Snack

A small meal or food item consumed shortly before going to bed, often aimed at preventing overnight hunger.

Hot Chocolate

A warm beverage made from cocoa powder, milk or water, and sugar, often enjoyed for its comforting and sweet taste.