Problem
Complete all parts of the case and respond to at least two of your classmates' postings.
• When a business sells a fully depreciated asset for its salvage value, is a gain or loss recognized?
• How do businesses determine what salvage values to use for their various assets? Are there "hard and fast" rules for salvage values?
• How would an organization prevent the kind of fraud depicted here?
The response must include a reference list. Using one-inch margins, double-space, Times New Roman 12 pnt font and APA style of writing and citations.