The Entry to Record the Disposal of a Laptop Computer

question 21

Multiple Choice

The entry to record the disposal of a laptop computer with a cost of $2,500 and an accumulated depreciation of $1,500 would be:

• A)debit Depreciation Expense $2,500;credit Equipment $2,500.
• B)debit Accumulated Depreciation $1,500;debit Loss on Disposal of an Asset $1,000;credit Equipment $2,500.
• C)debit Equipment $2,500;credit Accumulated Depreciation $2,500.
• D)debit Cash $2,500;credit Equipment $2,500.

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Definitions:

Laissez-faire Leadership

A leadership style characterized by minimal supervision, where leaders delegate decision-making power to their subordinates.

Contingent Punishments

Refers to the penalties or sanctions that are applied only if specific conditions are met or rules are violated.

Task Motivation

The drive and determination to complete a specific task or to achieve a particular objective.

Empower Followers

The process of granting authority and fostering autonomy in followers to build their confidence and capability to act independently.