11. A truck thet sost 521,000 and on has hesn recondel was dlogosed of n sold fo

Question

11. A truck thet sost 521,000 and on has hesn recondel was dlogosed of n sold for D) credit to Aceumuloted Depreciation for $10,000 12. A coempany sells a pin aoset which origioally cont $360,5000 foe $120.900 Cash os December 31, 2015, Tic 5144,000 ather the cunrent year's depeeciatioes of $36,000 had been reconded Accumulated Depreciation tA/D A) $240,000 loss on disposal B) $96,000 gain on dixposal C) 596,000 loss on disposa D) $60,000 loas on disposal 13. The interest charged on a $100,000 note payable, at the annual rate of 83%, os a 90-day note would be A) 58,000 B) $4,444 C) $2,000, D) $667. Page 3

Explanation / Answer

9. Option b is correct

Loss on disposal

Explanation:

To know the profit and loss on sale of plant asset, we have to compare the book value with selling price. If book value is greater than selling price then company shows a loss.

Related Questions

Navigate

• Browse (All)
• Browse 1
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.