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Roselle, Inc., prepares financial statements annually as of December 31. On January 31, 2015, Roselle discards a piece of equipment. The equipment, which cost $12,000,
Roselle, Inc., prepares financial statements annually as of December 31. On January 31, 2015, Roselle discards a piece of equipment. The equipment, which cost $12,000, had accumulated depreciation of $10,800 as of December 31, 2014. This equipment was depreciated using the straight-line method over 10 years with zero salvage. Complete the necessary journal entry to record the disposal by selecting the account names and dollar amounts from the drop-down menus. Assume that the entry to bring the accumulated depreciation up-to-date through January 31 has already been recorded. Date Account Title Debit Credit Jan. 31 select select select select select v select v select select select Submit answer & continue 1 of 1 Nex arch
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