Thunder Corporation had a beginning balance in net plant assets of $220,000. During the year, Thunder purchased $60,000 of new plant assets. Depreciation expense for the year was $30,000, and there was a net gain on the sale of plant assets was $3,000. The ending balance in net plant assets was $170,000. The book value of the plant assets sold was:
A)$ 80,000.
B)$140,000.
C)$ 40,000.
D)none of the above.

Question

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The Answer of Thunder Corporation had a beginning balance in net plant assets of $220,000. During the year, Thunder purchased $60,000 of new plant assets. Depreciation expense for the year was $30,000, and there was a net gain on the sale of plant assets was $3,000. The ending balance in net plant assets was $170,000. The book value of the plant assets sold was:
A)$ 80,000.
B)$140,000.
C)$ 40,000.
D)none of the above.

Thunder Corporation Had a Beginning Balance in Net Plant Assets