Question: 1|2|3|4 5 Finish attempt eBook Print Out 5 Partial correct Mark 10 of 400 Preston Computing Depreciation, Net Book Value, and Gain or Loss on
1|2|3|4 5 Finish attempt eBook Print Out 5 Partial correct Mark 10 of 400 Preston Computing Depreciation, Net Book Value, and Gain or Loss on Asset Sale Lynch Company owns and operates a delivery van that originally cost $46,400. Lynch has recorded straight line depreciation on the van for four years, calculated assuming a 55.000 expected salvage value at the end of its estimated six year useful Depreciation was last recorded at the end of the fourth year, at which time Lynch disposes of this var a. Compute the netbook value of the van on the disposaldate $19.000 1. Compute the gain or loss on sale of the van of the disposal proceeds are Use a negative sign with your answer if the sale results in a loss 1. A cash amount equal to the won's net book value 2.521,000 cash 2,700 X 1517,000 Cash 1 1.100 Check th cookies
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