Chapter 7, Problem 4P

A business sold a forklift for $24,000 cash. The forklift costs $62,000 and had accumulated depreciation of $45,000 as of the date of sale. The sale would include a(n): A. increase in Accumulated Depreciation for $45,000 B. decrease in Forklift for $17,000 C. increase in a loss for $7,000 D. increase in a gain for $7,000

Each question separate please.

Bob Disposition, Inc. has net working capital of $32,500, current assets of $59,000, equity of $74,500, and long-term debt of $42,500. What is the amount of the net fixed assets? a. $58,000 b. $84,500 c. $94,600 d. $63,900 e. $111,000 HELP