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Orangewood Industries bought a new cash register for $7,500. Orangewood originally planned to use the cash register for 4 years and then sell it for
Orangewood Industries bought a new cash register for $7,500. Orangewood originally planned to use the cash register for 4 years and then sell it for $600. After 4 years, Orangewood had recorded $6,900 of depreciation. If the company continues to use the cash register, still planning to sell it eventually for $600, then Orangewood should record:
Multiple Choice
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no additional depreciation.
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$600 of additional depreciation.
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$1,725 of additional depreciation.
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the removal of the cash register from its books because it is fully depreciated.
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