8. As of December 31, 19X8, accumulated depreciation of $10,000 has been recorded on equipment that had

Question:

8. As of December 31, 19X8, accumulated depreciation of $10,000 has been recorded on equipment that had originally cost $15,000. What is the entry to record the disposal of the assets

(a) if the equipment was discarded and no funds were received for it?

(b) If it was sold for $8.000?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question
Question Posted: