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January 1, 2005. The equipment originally cost $820,000 and has an estimated useful life of eight years. Stable uses the straight-line method of depreciation. What is the gain/loss on the sale of equipment that Stable will recognize if the equipment was sold for $230,000? $230,000 Gain $25,000 Loss $25,000 Gain $73,750 Gain . $0; no gain or loss Question 17. Question : Cardco Inc. has an annual accounting period which ends on December 31. During the current year a depreciable asset which cost $42,000 was purchased on September 2. The asset has a $4,000 estimated salvage va lue. The company uses straight-line depreciation and expects the asset to have a 5 year life. What is the total depreciation expense for the current year? $1,900.00 $7,600.00 $2,533.33 $2,800.00