A building cost $550,000 and had accumulated depreciation of $450,000 when it was sold for cash at a loss of $30,000.Proceeds from the sale of the building are:
1.$________ and are 2.a(n)________ activity.

Question

Quizplus · Accepted Answer

The Answer of A building cost $550,000 and had accumulated depreciation of $450,000 when it was sold for cash at a loss of $30,000.Proceeds from the sale of the building are:
1.$________ and are 2.a(n)________ activity.

A Building Cost $550,000 and Had Accumulated Depreciation of $450,000