A copy machine costs $ 45,000 when new and has accumulated depreciation of $ 44,000. Suppose Print and Photo Center discards this machine and receives nothing. What is the result of the disposal transaction?
A. No gain or loss
B. Gain of $ 1, 000
C. Loss of $ 1,000
D. Loss of $ 45,000
Ans: C. Loss of $ 1,000
Business
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Associated with" entertainment expenditures generally must occur on the same day that business is discussed.
a. true b. false
Business
Julio was going to recommend a new billing system for the hospital where he works. However, he does not want to upset the executive who installed the system, so he does not make the recommendation. Julio has fallen into the
a. overconfidence trap. b. status quo trap. c. anchoring trap. d. creativity rut.
Business