A company sells an office desk. You are provided with the following information:
The original cost of the desk was $3,000.
The desk is sold for $1,000.
The value of the desk is $1,500.
The opening UCC balance in Class 8 is $18,000
A new desk is purchased for $2,000.
What amount is recorded as a disposition in Class 8 ?
a. $3,000
b. $1,000
c. $1,500
d. $18,000
e. $2,000
A company sells an office desk.You are provided with the following information The original cost of the desk was $3,000 The desk is sold for $1,000 The value of the desk is $1,500 The opening UCC balance in Class 8 is $18,000 A new desk is purchased for$2,000 What amount is recorded as a disposition in Class 8?
a.$3,000 $1,000
Oc. $1,500 Od. $18,000 Oe. $2,000