The Entry to Record the Disposal of a Laptop Computer

question 21

Multiple Choice

The entry to record the disposal of a laptop computer with a cost of $2,500 and an accumulated depreciation of $1,500 would be:

• A)debit Depreciation Expense $2,500;credit Equipment $2,500.
• B)debit Accumulated Depreciation $1,500;debit Loss on Disposal of an Asset $1,000;credit Equipment $2,500.
• C)debit Equipment $2,500;credit Accumulated Depreciation $2,500.
• D)debit Cash $2,500;credit Equipment $2,500.

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Definitions:

Humid Climate

A type of climate characterized by high levels of humidity and precipitation, typically found in tropical regions.

Pine

A type of evergreen tree that belongs to the genus Pinus, known for its needle-like leaves and woody cones.

Fir

A type of evergreen tree belonging to the genus Abies, known for its tall growth and needle-like leaves.

Spruce

A genus of coniferous trees found in northern temperate and boreal regions, valued for their wood and ornamental uses.