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on decmeber 31st 2018 cee corp sells as anseet that original coat $300000 for $75000. the...

on decmeber 31st 2018 cee corp sells as anseet that original coat $300000 for $75000. the compnay reconginsed a cost of $25000 what was the balance of the accumulated depriciation after the current yesrs deprecuation of $15000 was recorded
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Answer #1
Cost of the Asset $                                                               3,00,000
Less:Sales price of Asset $                                                                -75,000
Less:Loss on sale of Asset $                                                                -25,000
Accumulated Depreciation till date of sale $                                                               2,00,000 (answer)
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