Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. a fixed asset with a cost of $33,839.00 and accumu

A fixed asset with a cost of $33,839.00 and accumulated depreciation of $30,455.10 is sold...

60.1K

Verified Solution

Question

Accounting

A fixed asset with a cost of $33,839.00 and accumulated depreciation of $30,455.10 is sold for $5,752.63. What is the amount of the gain or loss on disposal of the fixed asset?

Select the correct answer.

a) $2,368.73 loss

b) $3,383.90 loss

c) $2,368.73 gain

d) $3,383.90 gain

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Chemistry
1.2K views

Aspirin can be prepared from salicylic acid ( C 7 H 6 O 3 ), which...

Physics
1.2K views

Table 2: Voltage Readings of Different AA Battery Combinations Battery Combination Voltage (V) Current (A) 1 1.58 1.4 1 and 2 3.16 3.37 1, 2 and...

Biology
1.2K views

According to cell theory,all organisms are multicellularall cells come from preexisting cellsDNA is the structural...

Physics
1.2K views

0 For a certain metal the K absorption edge is at 0 172 A The...

Statistics
1.2K views

Suppose the preliteracy scores of three year old students in the United States are normally...

Calculus
1.2K views

Simplify the following trigonometric expression tan x cos x csc x 01 cot x O...

Algebra
1.2K views

Question Determine the domain on which the following function is decreasing 1 10 98 10...

Accounting
1.2K views

8. What is the present value of a $200...

Accounting
1.2K views

How and why might governments encourage productivity growth ? Discuss the arguments for and against...

Accounting
1.2K views

Identify and discuss the common systems for approving vendor payments.

Accounting
1.2K views

Magnetic-Optical Corporation offers a variety of share-based compensation plans to employees. Under its restricted stock...

Accounting
1.2K views

Joanna is the manager of a hotel chain's marketing department, and is considering a project...