On december 31, strike company has decided to sell one of its batting cages. the initial cost of the equipment was $310,000 with an accumulated depreciation of $260,000 depreciation has been taken up to the end of the year. the company found a company that is willing to buy the equipment for $55,000. what is the amount of the gain or loss on this transaction? a. gain of $55,000 b gain of $5,000 c. no gain or loss d. cannot be determined

b Gain of $5,000

Explanation:

Book value of equipment on the date of sale = Cost of the equipment - Accumulated depreciation

= $310,000 - $260,000 = $50,000

Gain on sale of equipment

= Proceeds from sale - Book value of equipment on the date of sale

= $55,000 - $50,000

= $5,000

Therefore, The amount of the gain or loss on this transaction is $5,000.

the answer is     d. in our global economy, most job growth will be in services, but manufacturing jobs will exist, too.

being born in poverty would limit the people's chances, opportunities and benefits.

this happen because of several things, such as:

- poor people tend to gain less access to good education and nutrition. this mean that their chance to obtain high paying jobs would also be limited.

- poor people tend to socialize with other poor people while the rich tend to socialize with other rich people. this means that simply throguh their social circle, rich people would have more business opportunities compared to the poor people.

- rich people tend to have more capital in their disposal. this would benefit them in business since it is far easier for them to fund their business operation compared to poor people.