Bloomington would record equipment at and record a gain/(loss) of:
A. $ 87,000; $ 3,000
B. $104,000; $ (5,000)
C. $ 87,000; $(14,000)
D. None of the above is correct.
Answer:C
Bloomington would record equipment at and record a gain/(loss) of:
A. $ 87,000; $ 3,000 B. $104,000; $ (5,000) C. $ 87,000; $(14,000) D. None of the above is correct.