In the graphical approach, simultaneous equations may be used to solve for the optimal solution point

According to Mr. M, a healthcare CEO quoted in 500 CEO's: Lessons From the Heart, "to be successful and happy, try to work on something that you believe is important and can make a real positive difference in the lives of others."

a. true b. false

Equipment to be sold has a book value of $4,000. The cost of the equipment is $10,000. The cash received at sale is $2,000. What is the gain or loss on disposal of the equipment?

A) loss on disposal of $2,000 B) loss on disposal of $4,000 C) loss on disposal of $6,000 D) gain on disposal of $2,000