Question

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.

Answer 1

B.It is decreased by the sale amount .

Answer 2

Answer: C. It is not charged.

Explanation: Ap3x