Save and Submit Click Submit to complete this assessment. Question 26 of 26 Question 26...
50.1K
Verified Solution
Link Copied!
Question
Accounting
Save and Submit Click Submit to complete this assessment. Question 26 of 26 Question 26 2 points Save Answer On Jan 1, 2009. Banana Democracy placed into service a lift truck that had a capitalized acquisition cost of $21.500. estimated useful life of 16 years, and estimated salvage value of $1.500. Banana depreciated the truck on a straight line basis until June 30, 2020, then sold the used lift truck for $11.425. Accumulate d depreciation on the sale date was $14.375. What is the amount of gain or loss that Banana should recognize? Enter a positive number for a gain or a negative number .xx) for a loss. Click Submit to complete this assessment Question 26 of 26 Save and Sub DELL USU
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!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Best
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.