A company purchased an equipment in 1/5/2022 for 150,000 with 5 years useful life and used sum of the years digities as base to depreciation, in :1/8/2024 sold the equipment for 50,000$, the company should record gain 5000 A O gain 2500 .BO losses 2500 .CO losses 5000 DO
A company purchased an equipment in 1/5/2022 for 150,000 with 5 years useful life and used sum of the years digities as base to depreciation, in :1/8/2024 sold the equipment for 50,000$, the company should record gain 5000 A O gain 2500 .BO losses 2500 .CO losses 5000 DO
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
Question
None
![A company purchased an equipment in 1/5/2022 for 150,000 with 5 years useful life and used sum of the years digities as base to depreciation, in
:1/8/2024 sold the equipment for 50,000$, the company should record
gain 5000 A O
gain 2500 .BO
losses 2500 .CO
losses 5000 DO](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F17dce30e-6aee-489a-b1dc-eda2f6eb080d%2Fc27445c0-388e-4012-9bcf-24b7114183d4%2F8bckimm_processed.jpeg&w=3840&q=75)
Transcribed Image Text:A company purchased an equipment in 1/5/2022 for 150,000 with 5 years useful life and used sum of the years digities as base to depreciation, in
:1/8/2024 sold the equipment for 50,000$, the company should record
gain 5000 A O
gain 2500 .BO
losses 2500 .CO
losses 5000 DO
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