Which of the Following Is Necessary When Recording the Disposal

question 99

Multiple Choice

Which of the following is necessary when recording the disposal of a piece of equipment?

• A) Update the depreciation expense on the equipment to the date of sale
• B) Remove the equipment and related accumulated depreciation balances from the accounts
• C) Record any gain or loss on the disposal
• D) All of these are necessary when recording the disposal of a piece of equipment

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Definitions:

Technological Innovations

The introduction of new technologies or methods that significantly improve products, processes, or services, often driving economic growth and societal change.

Macro-Level Perspective

A social science perspective that focuses on large-scale patterns and processes that characterize society as a whole.

Constraints

Factors or conditions that limit or restrict choices, actions, or outcomes within a given context or system.

Large-Scale Patterns

Broad trends or structures in society that affect groups and institutions in significant ways.