1) On May 1, 2020 ABC Inc discarded equipment that cost $12,000 and the salvage value is zero The journal to record the discard of the equipment is A) Debit loss for $12,000 and Credit $ 12,000 equipment B) Debit Accumulated depreciation for $12,000 and credit the equipment for $12,000 C) Credit Gain of $12,000 and Debit the accumulated depreciation for $12,000 D) Do nothing 2 Which of the following cost would be added to capitalize as Revenue expenditures A) The training of staff to use the equipment B) Two weeks maintenance service C) Testing the equipment to determine if it is properly working D) Cleaning the area where the equipment was installed

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1) On May 1, 2020 ABC Inc  discarded equipment that cost $12,000 and the salvage value is zero  The journal to record the discard of the equipment is  A) Debit loss for $12,000 and Credit $ 12,000 equipment  B) Debit Accumulated depreciation for $12,000 and credit the equipment for $12,000  C) Credit Gain of $12,000 and Debit the accumulated depreciation for $12,000  D) Do nothing  2  Which of the following cost would be added to capitalize as Revenue expenditures  A) The training of staff to use the equipment  B) Two weeks maintenance service  C) Testing the equipment to determine if it is properly working  D) Cleaning the area where the equipment was installed

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1) On May 1, 2020 ABC Inc. discarded equipment that cost $12,000 and the salvage value is zero. The journal to record the discard of

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