Vroom Company sold for $60,000 a machine that originally cost $100,000.The accumulated depreciation on this machine to date of sale was $47,000.What was Vroom Company's gain or loss on this sale?

Question

Quizplus · Accepted Answer

The Answer of Vroom Company sold for $60,000 a machine that originally cost $100,000.The accumulated depreciation on this machine to date of sale was $47,000.What was Vroom Company's gain or loss on this sale?

Vroom Company Sold for $60,000 a Machine That Originally Cost