Palso purchased a machine for $13,500 2 years ago. Palso has recorded $9,400 of depreciation...
90.2K
Verified Solution
Link Copied!
Question
Accounting
Palso purchased a machine for $13,500 2 years ago. Palso has recorded $9,400 of depreciation on the machine. Now, Palso sells the machine for $2,000. Which of the following is true?
a. Palso has a $2,000 gain on the sale
b. Palso has a $2,100 gain on the sale
c. Palso has a $2,100 loss on the sale
d. Palso has a $13,500 loss on the sale e. none of the above
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: Zin AI - Your personal assistant for all your inquiries!
