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On January 1, 2023, plant assets, net are $200,000. On December 31, 2023, plant assets,...

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Accounting

On January 1, 2023, plant assets, net are $200,000. On December 31, 2023, plant assets, net are $320,000 Depreciation expense for the year is $21,000. During the year, plant assets were acquired for = $155,000 with cash. There is a Gain on sale of plant asset of $8,000. What are the cash proceeds from the sale of the plant asset? O A. SO OB. $22,000 OC. $6,000 D. $14,000 m
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On Jenuary 1, 2023, plant assets, cet are $200,000. On Decenoer 31, 2023, plant assets, net are $520,000. Depreciabon expense for the year is $21,000. During ne year, piant assets were acquined for A. $9 B. $22.000 C. $5.000 D. $14,050

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