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Q) record the entries regarding depreciation in the following picture. please answer question 5 &6. Question 5: (Plant asset is fully depreciated) Omar Enterprises retires

Q) record the entries regarding depreciation in the following picture. please answer question 5 &6.

Question 5: (Plant asset is fully depreciated) Omar Enterprises retires its computer printers, which cost $38,000. The accumulated depreciation on these printers is $38,000. Prepare the entry to record this retirement. Question 6: (Plant asset is Q fully depreciated) Omar Enterprises retires its computer printers, which cost $40,000. The accumulated depreciation on these printers is $30,000. Prepare the entry to record this retirement. There is a loss =

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