BA$211$ Final Learning Assessment

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$21$

$4$ points

$02$:$19$:$34$

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Strawberry Fields purchased a tractor at a cost of $$37,000$ and sold it two years later for $$24,100.$ Strawberry Fields recorded depreciation using the straight$-$line method, a five$-$year service life, and an $$8,000$ residual value.

What was the gain or loss on the sale?

Record the sale.

Complete this question by entering your answers in the tabs below.

Required $1$

What was the gain or loss on the sale?

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