peggycoaxum2894 peggycoaxum2894
  • 09-04-2022
  • Business
contestada

What is the loss on disposal of a plant asset that cost $100,000, had accumulated depreciation of $24,000, and was sold for $60,000?.

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chrisrainey
chrisrainey chrisrainey
  • 09-04-2022

ANSWER: The loss is $16,000

EXPLANATION: $100,000 - $60,000 - $24,000 = $16,000

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