Use the Following Information for Questions

question 13

Multiple Choice

Use the following information for questions.
Financial statements for Bernard Corp. are presented below: BERNARD CORP. Total assets on the December 31, 2020 statement of financial position were $ 1,108,000. Accumulated depreciation on the equipment sold was $ 56,000.
-When the equipment was sold, the Buildings and Equipment account was credited with

• A) $ 48,000.
• B) $ 56,000.
• C) $ 80,000.
• D) $ 104,000.

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