A company sells one of its machinery with a sale price equal to 13,000 €. The initial cost of the machinery was 45,000 € and its accumulated depreciation is equal to 35,000 €.
Which one of the following statements is true?

Question

A company sells one of its machinery with a sale price equal to 13,000 €. The initial cost of the machinery was 45,000 € and its accumulated depreciation is equal to 35,000 €.

Which one of the following statements is true?

Answer

The company has to account a gain on sales equal to 3,000 € as a revenue on the right side.

Answer

The company has to account a loss on sales equal to 3,000 € which impacts on the cash flow statement

Answer

None of the others is correct

Answer

The company has to account a loss on sales equal to 3,000 € as a cost on the right side.

Answer

The company has to account a gain on sales equal to 3,000 € which impacts on the cash flow statement

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A company sells one of its machinery with a sale price equal to 13,000 €. The in...

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