Equipment That Cost $420000 and on Which $200000 of Accumulated

question 216

Multiple Choice

Equipment that cost $420000 and on which $200000 of accumulated depreciation has been recorded was disposed of for $180000 cash. The entry to record this event would include a

• A) gain of $40000.
• B) loss of $40000.
• C) credit to the Equipment account for $220000.
• D) credit to Accumulated Depreciation for $200000.

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Definitions:

Coefficient Of Relatedness

A measure of how closely individuals are genetically related, used in studies of altruism and social behavior in animals.

Group Living

The lifestyle in which individuals of a species live closely together in communities or social units for mutual benefit.

Social Cognition

The study of how people process, store, and apply information about others and social situations, influencing their behavior and interactions.

Vervet Monkey

A medium-sized primate species known for its black face and grey body fur, native to Africa.