JT Enterprises decides to scrap its old widget-making machine, which has a book value of $8,600. The salvage company pays JT $8,700 for the machine. How should JT record this disposition? a.) as a...


JT Enterprises decides to scrap its old widget-making machine, which has a book value of $8,600. The salvage company pays JT $8,700 for the machine. How should JT record this disposition?






a.) as a $100 loss

b.) as a $100 gain

c.) as an $8,600 loss

d.) as an $8,700 gain




Jun 09, 2022
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