a-company-sells-a-building-with-a-historical-cost-of-100000-and-accumulated-depr

Question

A company sells a building with a historical cost of $100,000 and accumulated depreciation of $60,000 for a loss of $10,000. What is the cash received from the sale?

Accepted Answer

$30,000

Answer

$40,000

Answer

$50,000

Answer

$60,000

A company sells a building with a historical cost of \$100,000 and accumulated depreciation of \$60,000 for a loss of \$10,000. What is the cash received from the sale?