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What will be the realized gain for casico toy inc

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On May 1, 2015, Casico Toy Inc. purchased a new piece of equipment that cost $52,000. The estimated useful life is five years and the estimated residual value is $ 4,000. During the five years of useful life the equipment is expected to produce 20,000 units.

Problem 1: If Casico Toy Inc. uses the straight line method of depreciation and sells the equipment for $ 15,500 on May 1st, 2018. What will be the realized gain (loss)?

a. None of the other alternatives are correct

b. $ 25,200

c. $ (3,700)

d. $9,700

e. $ 3,700

Reference no: EM132817053

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