Maple Equipment Co. sold a printing press at the end of the year. The original cost of the equipment was $150,000, and it had accumulated depreciation of $135,000. The equipment was sold for $10,000. What is the gain or loss on the sale?
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- what was the gain or loss on the sale of the machine?Jake parchased a $235,000 crane for his constraction business. He sold the crane for $175,000 after taking $115,000 of depreciation. Assume take is What is the amount of gain or loss on the sale?Granite Stone Creamery sold ice cream equipment for $16,000. Granite Stone originally purchased the equipment for $90,000, and depreciation through the date of sale totaled $71,000. What was the gain or loss on the sale of the equipment?
- The Galley purchased a property two years ago at a cost of $19,800, and the firm uses a three-year straight line depreciation method. The firm no longer uses this property so is selling it today at a price of $13,500. What is the amount of the pretax profit on the sale? A. 11140.48 B. 6900 C. 10500 D. 10702.4Can you please answer the general accounting question?N1.
- What was the gain?What was the gain or loss on the sale of the machinery?Lansing Apparel sold manufacturing equipment for $30,000. Lansing originally purchased the equipment for $95,000, and depreciation through the date of sale totaled $78,000. What was the gain or loss on the sale of the equipment?
- Lennox Designs sold office machinery for $15,500. Lennox originally purchased the machinery for $60,000, and depreciation through the date of sale totaled $49,000. What was the gain or loss on the sale of the machinery?The Bomb Pop Corporation sold ice cream equipment for $18,500. The equipment was originally purchased for $40,000, and depreciation through the date of sale totaled $25,000. 1. What was the gain or loss on the sale of the equipment? on saleWhat is the depreciation base of the machine on these financial accounting question?