A task station that originally cost $2,500 has no estimated salvage value and was depreciated at the rate of 20% per year (straight-line depreciation).At the end of the third year,it was sold for $1,500 cash.The transaction would result in a:

Question

Quizplus · Accepted Answer

The Answer of A task station that originally cost $2,500 has no estimated salvage value and was depreciated at the rate of 20% per year (straight-line depreciation).At the end of the third year,it was sold for $1,500 cash.The transaction would result in a:

A Task Station That Originally Cost $2,500 Has No Estimated