Business, 16.11.2019 03:31 Greekfreak

On april 1, 2017, la presa company sells some equipment for $18,000. the original cost was $50,000, the estimated salvage value was $8,000, and the expected useful life was 6 years. on december 31, 2016, the accumulated depreciation account had a balance of $29,400. how much is the gain or loss on the sale?
a) $850 loss
b) $5400 loss
c) $2,600 loss

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On april 1, 2017, la presa company sells some equipment for $18,000. the original cost was $50,000,...

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