A copy machine costs $45,000 when new and has accumulated depreciation of $44,000. Suppose Print and Photo

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A copy machine costs $45,000 when new and has accumulated depreciation of $44,000. Suppose Print and Photo Center junks this machine and receives nothing. What is the result of the disposal transaction?

a. No gain or loss

b. Gain of $ 1,000

c. Loss of $ 1,000

d. Loss of $ 45,000

Related Book For answer-question

Fundamentals of Futures and Options Markets

ISBN: 978-0132993340

8th edition

Authors: John C. Hull

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Posted Date: Sep 05, 2018 12:53 AM

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A copy machine costs $45,000 when new and has accumulated depreciation of $44,000. Suppose Print and Photo

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Disposal of plant asset Disposal of asset refers to the removal of asse... View the full answer

Fundamentals of Futures and Options Markets

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