Ask Question
17 April, 21:56

An asset with a historical cost of $14,725 and accumulated depreciation of $10,000 was discarded, having no market value. how much will be recorded as a loss or gain on disposal?

+2
Answers (1)
  1. 18 April, 01:06
    0
    If the asset was recorded as having a historical cost of $14,725, then that amount is its initial book value, from which depreciation is subtracted. If the asset had accrued $10,000 in depreciation, then its book value at the time was $4,725. As such, if the asset was disposed with no market value, its disposal will be reflected as a book loss of $4,725.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “An asset with a historical cost of $14,725 and accumulated depreciation of $10,000 was discarded, having no market value. how much will be ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers