Financial accounting 16th Edition by Jan Williams,Susan Haka,Mark Bettner ,Joseph Carcello

تمرين 21

Ladd Company sold a plant asset that originally cost $50,000 for $22,000 cash.f Ladd correctly reports a $5,000 gain on this sale, the accumulated depreciation on the asset at the date of sale must have been:
a.33,000.
b.28,000.
c.23,000.
d.ome other amount.