Business, 26.12.2019 00:31 lilrariwmb23701
An asset was acquired on october 1, 2018, for $78,000 with an estimated 5-year life and $13,000 residual value. the company uses units-of-production depreciation and expects the asset to produce 20,000 units. calculate the gain or loss if the asset was sold on march 31, 2021, for $58,000. actual production was: 2018=500 units; 2019=3,000 units; 2020=3,500 units; 2021=1,000 units.
a)$11,200 gain.
b)$19,000 gain.
c)$6,000 gain.
d)$12,500 gain.
Answers: 3
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Business, 22.06.2019 11:00
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Business, 22.06.2019 18:30
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An asset was acquired on october 1, 2018, for $78,000 with an estimated 5-year life and $13,000 resi...
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