On April 1,2013,a Company Discarded a Computer That Cost $15,000

question 197

Essay

On April 1,2013,a company discarded a computer that cost $15,000 and that had a useful life of four years and a salvage value of $1,000.Using straight-line depreciation,the accumulated depreciation as of December 31,2012,was $10,700.
a.Prepare the journal entry to record depreciation up to the date of disposal of the computer
b.Prepare the journal entry to record the disposal of the computer.

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