Equipment That Cost $144,000 and on Which $120,000 of Accumulated

question 178

Multiple Choice

Equipment that cost $144,000 and on which $120,000 of accumulated depreciation has been recorded was disposed of for $36,000 cash.The entry to record this event would include a

• A)gain of $12,000.
• B)loss of $12,000.
• C)credit to the Equipment account for $36,000.
• D)credit to Accumulated Depreciation for $120,000.

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Definitions:

Sociological Perspectives

Different ways of viewing and understanding society and its complex interactions, including structural functionalism, conflict theory, and symbolic interactionism.

Authority and Subordination

The dynamic between those in positions of power and those who are subject to that power.

Exchange Theory

A sociological perspective that analyzes social interactions in terms of the exchanged rewards or penalties.

Social Exchange Theory

A sociological and psychological theory that suggests human interactions and relationships are formed based on a cost-benefit analysis by the involved parties.