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متابعة

The sale for $2,000 of equipment that cost $8,000 and has accumulated depreciation of $6,700 would result in a?

a. gain of $2,000.

b. gain of $700.

c. loss of $700.

d. loss of $1,300.

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تم إضافة السؤال من قبل Shahbaz Hayder , Group Head of Finance , Sharif Group of Companies
تاريخ النشر: 2015/07/07
Shahbaz Hayder
من قبل Shahbaz Hayder , Group Head of Finance , Sharif Group of Companies

Yes, Option B is the right answer.

Zehab Osman
من قبل Zehab Osman , Accountant , Aldar Consultancy Co.

B-----------------------------------

مستخدم محذوف‎
من قبل مستخدم محذوف‎

B) Gain of $700. This is how the disposal account will look like

 

                                 

Gayasuddin Mohammed
من قبل Gayasuddin Mohammed , Advocate , Practicing Law before High Court at Hyderabad

b. gain of $700.

Cause after depreciation, value of the equipment is only $1300. selling the equipment for $2000 is gain of $700. Thanks

Ahmed El Minayer
من قبل Ahmed El Minayer , Chief Accountant , Freight Solutions Logistics services

ANSWER b GAIN700     ------------------------------------------                 

mehfooz alam khan habib khan
من قبل mehfooz alam khan habib khan , Security Incharge , Landmark Group (Emax)

Yes Gain of700$ is the right answer....... ..... ..........

Andrew Malm
من قبل Andrew Malm , Senior Accountant , SOS Children's Villages Ghana

The answer would result in a gain of  $700 ($6,700+$2,000-$8000)

Michael Lagunday
من قبل Michael Lagunday , Accounts Assistant , Invest Group Overseas LLC

The answer is B. gain of $700

 

Book Value: $8,000 - $6,700 = $1,300

Therefore gain on sale is $2,000 -1,300 equals $700

Jitesh pandey
من قبل Jitesh pandey , customer service in orient and mobile guru at first source , first source and orient services

Would result In a gain of $700

Az-Eddine El Mansouri
من قبل Az-Eddine El Mansouri , Finance & Accounting , SAMSUNG ELECTRONICS OVERSEAS B.V

purchase8,000 - depreciation of6,700 =1,700 rest value sold for2,000 =700 gain

Mark Angelo Damuag
من قبل Mark Angelo Damuag , Financial Analyst , Evacare Management Consultancy Inc

It would result to a b. gain of $700....

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