Hello Online Disposed of a Van That Cost $26,000 with Accumulated

question 122

Multiple Choice

Hello Online disposed of a van that cost $26,000 with accumulated depreciation of $19,000. The journal entry would include a:

• A) credit to Van $26,000.
• B) debit to Accumulated Depreciation $19,000.
• C) debit to Loss on Disposal of Plant Asset $7,000.
• D) All of these answers are correct.

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