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Sagot :
Answer:
The loss amount is "$3,000".
Explanation:
The given values are:
Sale amount,
= $16,000
Ice-cream equipment's cost,
= $90,000
Depreciation,
= $71,000
Now,
The book value will be:
= [tex]Ice \cream \ equipment's \ cost-Depreciation[/tex]
On substituting the values, we get
= [tex]90,000-71,000[/tex]
= [tex]19,000[/tex] ($)
The loss on the sale will be:
= [tex]Book \ value -Sale \ amount[/tex]
= [tex]19,000-16,000[/tex]
= [tex]3,000[/tex] ($)
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