Question

a piece of equipment with a book value of $14,000 was sold for $16,000 upOn liquidation . the gain or loss on the sale is:
$2,000 gain
$2,000 loss
no gain no loss
$30,000 gain

Answer 1

@mathmate stupid question but would like to double check. it was A. $2,000 gain

Answer 2

The only stupid question is the one that was not asked.
Yes, your answer is correct.

Answer 3

thank you :)

Answer 4

$2,000 gain :)

Answer 5

thank you!! @Ismaelcarrillo

Answer 6

You're welcome! :)