Group of answer choices

Question 3 12.5 pts Which equation can be used to calculate the gain or loss on sale of equipment? O A/D disposed - Proceeds on sale Cost of asset - Proceeds on sale O Cost disposed - A/D disposed - Proceeds on sale O A/D disposed + Proceeds on sale - Cost disposed Question 4 12.5 pts To dispose of a fixed asset, the cost of the fixed asset must be debited. O True O False Question 5 12.5 pts To dispose of a fixed asset, the accumulated depreciation of the fixed asset must be debited. True False Question 6 12.5 pts Which depreciation method results in accelerated depreciation toward the beginning of the fixed asset's life? Double declining balance Straight line