Do fast answer of this general accounting question Ayayai Corp. sold equipment for $43,000. The equipment had anoriginal cost of $114,000 and accumulated depreciation of$54,000. Ignoring the tax effect, as a result of the sale:a. net income will increase by $43,000.b. net income will increase by $17,000.c. net income will decrease by $17,000.d. net income will decrease by $43,000.

Step 1: Define Asset DisposalA company can sell its fixed asset after it is fully utilized or even…

Answered: Ayayai Corp. sold equipment for…

SWFT Corp Partner Estates Trusts

42nd Edition

ISBN:9780357161548

Author:Raabe

Publisher:Raabe

Chapter14: Taxes On The Financial Statements

Section: Chapter Questions

Problem 11DQ

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