The Future Value of $1 table is used to calculate how much $100 in hand today would be worth in 5 years

An asset was purchased for $31,000 on January 1, 2016

The asset's estimated useful life was five years, and its residual value was $8,000. The straight-line method of depreciation was used. Calculate the gain or loss if the asset is sold for $21,000 on December 31, 2016, the last day of the accounting period. A) $2,700 gain B) 5,400 loss C) 5,400 gain D) no gain or no loss

A person who considers only Pepsi or Mountain Dew when purchasing a soft drink employs his or her evoked set in evaluating purchase alternatives

Indicate whether the statement is true or false