Equipment that cost $96000 and on which $49000 of accumulated depreciation has been recorded was disposed of for $5 cash. the entry to record this event would include a
a. credit to accumulated depreciation for $5000.
b. credit to the equipment account for $5000.
c. gain of $3000.
d. loss of $3000.

c. gain $3000

Explanation:

The book value of an asset is equal to its purchase price minus the accumulated depreciation.

i.e. Book value =cost - accumulated Dep

Cost of the machine: $ 96,000.00

Accumulated Dep.:  $49,000.00

Disposal Price  $50,000.00

Book value  =$ 96,000.00- $ 49,0000.00

 =$47,000.00 which is less than disposal price

Gain/loss= Book value- Disposal price

 =$47,000-$50,0000

 =$ 3000

Book value is less than disposal price by $3000 which is a 'gain' to the books by  the same amount

explanation:

a gas is not used in hydraulic machines as the fluid because gas is easily compressible and so if a gas is used, the energy would mostly go into compressing a gas. therefore a liquid is used in hydraulic machines as the fluid.

the first one $24,630