Equipment That Cost $54,000 and on Which $30,000 of Accumulated

question 31

Multiple Choice

Equipment that cost $54,000 and on which $30,000 of accumulated depreciation has been recorded was disposed of for $27,000 cash. The entry to record this event would include a

• A) gain of $3,000.
• B) loss of $3,000.
• C) credit to the Equipment account for $9,000.
• D) credit to Accumulated Depreciation for $30,000.

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Definitions:

Perianal Pain

Pain located around the anus, which can be caused by various conditions including hemorrhoids, fissures, or abscesses.

Sigmoid Colon

The part of the large intestine closest to the rectum and anus, forming an S-shaped curve.

Colonoscope

A thin, flexible tube equipped with a camera and light at the end, used to examine the inside of the colon.

Proctoscope

A medical instrument designed for the visual examination of the rectum.