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Home Q & A Board Other Fields Homework Help Business Accounting
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StormLrd StormLrd
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6 years ago
Rhoundakona Corporation bought property, plant, and equipment on January 1, 2012, at a cost of $35,000. Estimated residual value is $5,000 and the estimated useful life is 8 years. The company uses straight-line depreciation. On January 1, 2015, Rhoundakona's management sells the asset for $25,000. The gain or loss on disposal is:
A) $1,250 loss
B) $1,250 gain
C) $10,000 loss
D) $25,000 gain
Textbook 
Cost Accounting: A Managerial Emphasis, Canadian Edition

Cost Accounting: A Managerial Emphasis, Canadian Edition


Edition: 7th
Authors:
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TheSinTheSin
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6 years ago
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