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:

Kaopectate

A medication used to treat mild diarrhea, known for its ability to coat the lining of the gastrointestinal tract.

Antibiotic

A type of medication used to treat bacterial infections by killing or inhibiting the growth of bacteria.

Duracillin

A long-acting form of penicillin used for treating bacterial infections by inhibiting the bacteria's cell wall synthesis.

Novocaine

A synthetic compound used as a local anesthetic in medical procedures, known chemically as procaine.