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An asset with an orginal cost of 575.000, a residual value of $7500 and a useful life of 5 years is given away without any
An asset with an orginal cost of 575.000, a residual value of $7500 and a useful life of 5 years is given away without any consideration at t end of year live. The entry to record this is Select one CA. Dr Accumulated depreciation, Cr. Gain on disposal Cr. Long-Term asset B. Dr Accumulated depreciation, Cr Long-Term Asset C. Dr. Accumulated depreciation Dr. Loss on disposal, Cr. Long-Term asset D. Dr Long-Term asset, Cr Accumulated depreciation
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