on December 31, 2013 stable company sold a piece of equipment that was purchased on January 1,…


Question Description:

20

on December 31, 2013 stable company sold a piece of equipment that was purchased on January 1,… 1 answer below ยป on December 31, 2013 stable company sold a piece of equipment that was purchased on January 1, 2008. The equipment originally cost $780,000 and has an estimated useful life of eight years. Stable uses the straight line method of depreciation. What is the gain/loss on the sale of equipment that stable will recognize if the equipment was sold for $218,000? Jul 07 2014 08:21 AM

Answer

20