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27-10-2019
Mathematics

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A company sold equipment that originally cost $290000 for $203000 cash. The accumulated departing the equipment was $87000.The company should recognize a:

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31-10-2019

Answer:

Gain or loss= 0

Step-by-step explanation:

Gain or loss= Proceeds from sale- Book value

Proceeds from sale= 203,000

Book value= original cost- accumulated depreciation= 290,000-87,000

Book value= 203,000

Gain or loss= 203,000-203,000=0

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