a-company-sells-a-piece-of-land-with-a-historical-cost-of-80000-and-accumulated-

Question

A company sells a piece of land with a historical cost of $80,000 and accumulated depreciation of $0 for a gain of $20,000. What is the cash received from the sale?

Accepted Answer

$100,000

Answer

$60,000

Answer

$20,000

Answer

$80,000

A company sells a piece of land with a historical cost of \$80,000 and accumulated depreciation of \$0 for a gain of \$20,000. What is the cash received from the sale?