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.

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Definitions:

Contraction

A physiological process where muscles decrease in length and increase in tension.

Ureters

Tubes that carry urine from the kidneys to the bladder, crucial components of the urinary system.

Kidneys

Organs in the human body that filter waste products from the blood to be excreted as urine.

Urethra

The tube that carries urine from the bladder to be expelled outside the body.