Question

An asset has a cost of $100,000. It is to be depreciated using 3-year MACRS depreciation
rates. The life of the asset is 3 years. The asset can be sold for $5,000 at the end of its life.
Calculate the amount of profit or loss on the sale of the asset.
A. Loss of $4,000
B. Loss of $2.410
C. Profit of $5,000
D. Profit of $2,410​

Answer 1

Answer:

Option c Is correct.......

Answer 2

Answer:

c is the correct option