Question

Motor Sales sold its old office furniture for $9000. The original cost was $17,000, and at the time of sale, accumulated depreciation was $14,000. What is the effect of this transaction?

a. gain of $9000
b. gain of $6000
c. loss of $6000
d. loss of $9000

Answer 1

It’s B. Gain of $6000

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Answer 2

Answer:

b. gain of $9000 answer is $9000

Explanation:

Answer: 2 question ➜ Motor Sales sold its old office furniture for $9000. The original cost was $17000, and at the time of sale, accumulated depreciation was $14000. What is the effect of this transaction?