Which of the Following Is Correct When Recording the Disposal

question 56

Multiple Choice

Which of the following is correct when recording the disposal of equipment for a gain?

• A)A debit to a gain account.
• B)A credit to the equipment account for the asset's book value.
• C)A debit to accumulated depreciation for the depreciation accumulated to the date of disposal.
• D)A decrease in total assets occurs.

Learn about the duplex mind and its implications for cognitive functioning.

Examine the role of thought suppression in mental health and its paradoxical effects.

Understand the concept and implications of national debt and budget deficits over time.

Apply the concept of the multiplier effect in economic contexts, especially its impact on GDP.

---

Definitions:

Mixed Integer Linear Optimization Model

An optimization technique involving mathematical formulas that aim to find the best outcome in a model with both integer and continuous variables under linear relationships.

Nonlinear Optimization Model

This is a mathematical model involving an optimization problem where the objective function or any of the constraints are nonlinear.

Integer

A whole number that can be positive, negative, or zero, not including fractions or decimals.

Nonlinear Optimization Model

A mathematical problem solving framework designed to optimize a nonlinear objective function subject to nonlinear constraints.