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:

Gender Roles

Gender roles encompass the behaviors, tasks, and responsibilities that a society considers appropriate for men, women, and other gender identities, often influencing personal identity and social practices.

Businesses Money

Financial resources owned or used by a business to operate, expand, and achieve its objectives, including revenue, investments, and loans.

Part Time

describes a form of employment with fewer hours per week compared to full-time positions, often offering lower income and fewer benefits.

Socialization Agents

Individuals, groups, or institutions that contribute to the social development and cultural learning of others.