Examlex

Solved

On April 1,2015,due to Obsolescence Resulting from a New Technology,a

question 126

Essay

On April 1,2015,due to obsolescence resulting from a new technology,a company discarded a computer that cost $5,000,had a useful life of 4 years,and a salvage value of $400.Based on straight-line depreciation,the accumulated depreciation as of December 31,2014 was $3,450.
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.


Definitions:

Appeal To Emotion

A logical fallacy that uses the manipulation of emotions rather than valid logic to persuade.

Fallacy

A flaw in thinking that leads to a fallacy, rendering the argument not valid.

Persuade

To convince someone to do or believe something through reasoning or argument.

Appeal To Emotion

A rhetorical strategy or fallacy involving the use of emotional responses rather than valid reasoning to persuade.

Related Questions