An Asset That Costs $14,400 and Has Accumulated Depreciation of $8,000

question 66

Multiple Choice

An asset that costs $14,400 and has accumulated depreciation of $8,000 is sold for $5,600.What amount of gain or loss will be recognized when the asset is sold?

• A)A gain of $800.
• B)A loss of $800.
• C)A loss of $2,400.
• D)A gain of $2,400.

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Daily Income

The amount of money earned by an individual or entity in a single day.

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Confidence Interval

A range of values, derived from sample statistics, that is likely to contain the value of an unknown population parameter, with a certain degree of confidence.

Confidence Interval

A sequence of numerical values, obtained from the statistics of a sample, that likely envelops an undetected population parameter.