A company is selling used office equipment for 12000

Asked by wiki @ 15/06/2021 in Business viewed by 1038 People

A company is selling used office equipment for $12,000.

• They purchased it 2 years ago for $50,000.
• It was expected to have a useful life of 5 years.
• They use straight line depreciation.
What is the gain or loss on the sale?
a) 0 -$28,000
b) -$18,000
c) $30,000
d) $38,000
e) $45,200

Answered by wiki @ 15/06/2021

Answer:

ans-b

Explanation:

The ans is b, hope it helped you.Have a nive day

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