Vroom Company Sold for $60,000 a Machine That Originally Cost

question 183

Essay

Vroom Company sold for $60,000 a machine that originally cost $100,000.The accumulated depreciation on this machine to date of sale was $47,000.What was Vroom Company's gain or loss on this sale?

---

Definitions:

Smart Pumps

Advanced infusion pumps equipped with safety features like drug libraries and dose error reduction systems to minimize the risk of medication errors in clinical settings.

Bar Code Medication Administration

A system that uses bar codes on medication packaging and patient identification to ensure accurate medication delivery and minimize errors.

CPOE

Computerized Physician Order Entry, a system that allows direct entry of medical orders by practitioners, improving accuracy and efficiency.

Nitroglycerin

A medication used to treat chest pain (angina) by widening blood vessels and increasing blood flow to the heart.