Answer:
loss = $30000
Explanation:
given data
batting cages = $20,000
initial cost = $310,000
accumulated depreciation = $260,000
to find out
the amount of the gain or loss on this transaction
solution
we find here book value as that on the date of sale is here
book value = initial cost - accumulated depreciation ..............1
put here value we get
book value = $310,000 - $260,000
book value = $50000
so here we can say that loss is
so loss = $50000 - $20,000
Hence loss = $30000
