Question
equipment that cost $103000 and on which $54000 of accumulated depreciation has been recorded was disposed of for $57500 cash. The entry to record this
equipment that cost $103000 and on which $54000 of accumulated depreciation has been recorded was disposed of for $57500 cash. The entry to record this event would include a...
a. gain of $8500
b. credit to accumulated depreciation for $13500
c. loss of $8500
d. credit to the equipment account for $13500
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Equipment cost 103000 Accumulated depreciation 54000 Disposal price of asset 57500 Book valueCost ...
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Survey of Accounting
Authors: Edmonds, old, Mcnair, Tsay
2nd edition
9780077392659, 978-0-07-73417, 77392655, 0-07-734177-5, 73379557, 978-0073379555
