1. Question Content Area

   On December 31, Strike Company has decided to discard one of its batting cages. The equipment had an initial cost of $214,400 and has accumulated depreciation of $192,960. Depreciation has been recorded up to the end of the year. Which of the following will be included in the journal entry for the disposal?

   a.Accumulated Depreciation, debit, $214,400

   b.Equipment, credit, $214,400

   c.Gain on Disposal of Asset, credit, $21,440

   d.Loss on Disposal of Asset, debit, $192,960