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Which of the following debit or credit entries are made when recording the disposal of equipment for a loss? Multiple Choice Credit to accumulated depreciation
Which of the following debit or credit entries are made when recording the disposal of equipment for a loss? Multiple Choice Credit to accumulated depreciation for the total depreciation accumulated to the date of disposal. A credit to cash for the book value of the equipment. A debit to a loss account for the difference between the equipments book value and the cash received on the sale. A credit to the equipment account for the equipment's book value.
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