Business, 17.10.2021 14:00 chyg304

A company buys a fixed asset on January 1, 2012 for $20,000. The accumulated depreciation for three years is $12,000. What will be the book value of the assets on December 31, 2014? The asset is sold on December 31, 2014 for $10,000. Will the company makes a profit from this disposal? The book value of the assets on December 31, 2014 is $. The company will make a .

First blank
1. 8,000
2. 5,000
3. 12,000

Second blank
1. Loss of 2,000
2. Profit of 2,000
3. Profit of 8,000

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A company buys a fixed asset on January 1, 2012 for $20,000. The accumulated depreciation for three...

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