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A company sells machinery at book value. What impact does this have on the company's net income on the income statement? A. It is increased by the sale amount. B. It is dec…

A company sells machinery at book value. What impact does this have on the company's net income on the income statement? A. It is increased by the sale amount. B. It is dec…
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21 votes
A company sells machinery at book value. What impact does this have on the

company's net income on the income statement?
A. It is increased by the sale amount.
B. It is decreased by the sale amount.
C. It is not changed.
D. It equals the sale amount.

asked
User Spinkoo
by
8.6k points

2 Answers

12 votes
B.It is decreased by the sale amount .
answered
User Nancy Xiong
by
9.0k points
7 votes

Answer: C. It is not charged.

Explanation: Ap3x

answered
User DukeLover
by
8.7k points
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