In 2014, Indigo Corporation has plant equipment that originally cost $235000 and has accumulated depreciation of $58000. A new processing technique has rendered the equipment obsolete, so it is retired. Which of the following entries should Indigo use to record the retirement of the equipment? Loss on Disposal of Plant Assets Equipment Loss on Disposal of Plant Assets Accumulated Depreciation - Equipment Plant Equipment 177000 Accumulated Depreciation - Equipment Loss on Disposal of Plant Assets Q Search 177000 177000 235000 177000 58000 177000 H

In 2014, Indigo Corporation has plant equipment that originally cost $235000 and has accumulated depreciation of $58000. A new processing technique has rendered the equipment obsolete, so it is retired. Which of the following entries should indigo use to record the retirement of the equipment