Example (1) Assume that on July 1, 2011, W Company sells office furniture for $ 16,000 cash The office furniture originally cost $ 60,000 As of January 1, 2011, it had accumulated depreciation of $ 41,000, Depreciation for the first six months of 2011 is $8,000 Compute guin loss on disposal and record the entry $ Cost of Asset Less Accum Dep Book Value Proceeds from sales Gain Loss on Disposal Example (2) Assume that on July 1, 2011, W Company sells office furniture for $ 9 000 cash The office furniture originally cost $ 60,000 As of January 1, 2011, it had accumulated depreciation of S 41,000 Depreciation for the first six months of 2011 is $ 8,000 Compute gain loss on disposal, and record the entry

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Example (1)  Assume that on July 1, 2011, W Company sells office furniture for $ 16,000 cash  The office furniture originally cost $ 60,000  As of January 1, 2011, it had accumulated depreciation of $ 41,000, Depreciation for the first six months of 2011 is $8,000  Compute guin loss on disposal and record the entry  $ Cost of Asset Less  Accum  Dep  Book Value Proceeds from sales Gain Loss on Disposal Example (2)  Assume that on July 1, 2011, W Company sells office furniture for $ 9 000 cash  The office furniture originally cost $ 60,000  As of January 1, 2011, it had accumulated depreciation of S 41,000  Depreciation for the first six months of 2011 is $ 8,000  Compute gain loss on disposal, and record the entry

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Example (1): Assume that on July 1, 2011, W Company sells office furniture for $ 16,000 cash. The office furniture originally cost $ 60,000. As

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