On June 30, 2019, Robert, Inc. sold some used equipment for $90,000. The equipment had been purchased several years ago for $195,000. Robert, Inc. properly recorded a $21,000 gain on the sale.
The accumulated depreciation on the equipment at the date of sale was:
A) $ 96,000
B) $102,000
C) $126,000
D) $ 66,000
Correct Answer:
Verified
Q55: On January 1, 2017, Flute, Inc. purchased
Q56: On July 1, 2018, Nanette Company purchased
Q57: On January 1, 2018, Salt Company purchased
Q58: Several years ago, Kokoras, Inc. purchased a
Q59: Several years ago, Beglen, Inc. purchased a
Q61: On June 30, 2019, Milch, Inc. sold
Q62: On April 30, 2019, TWC & Brothers
Q63: On April 30, 2019, Peter & Sons
Q64: During 2019, Belmont, Inc. had net sales
Q65: Grove Company's 2019 asset turnover was 3.0.
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents