Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Mary's Hair Salon determines that the computer is not 6 years old and is no longer working. She decides to drop it off to the
Mary's Hair Salon determines that the computer is not 6 years old and is no longer working. She decides to drop it off to the dump. What entry does she make?
Select one:
a.Debit PPE for $2,500 Credit Accumulated Depreciation $2,500
b.Debit Accumulated Depreciation for $2,500 Credit PPE for $2,500
c.Since there is no value she does nothing
d.Drop off at a consignment store and hope it is used
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started