Equipment Costing $37,450 with a Book Value of $18,410 Is

question 39

Multiple Choice

Equipment costing $37,450 with a book value of $18,410 is sold for $20,000. The journal to record the sale will include a :

• A) debit to cash for $18,410.
• B) debit to accumulated depreciation for $18,410.
• C) debit to gain on sale of equipment for $1,590.
• D) debit to accumulated depreciation for $19,040.

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Definitions:

Denies

The act of declaring a statement or assertion to be untrue, refusing to accept or acknowledge.

Subjective Experience

Personal perceptions and feelings that are unique to an individual and not necessarily observable by others.

Fundamental Attribution Error

The tendency for observers to over-emphasize personality traits and under-emphasize situational factors when explaining other peoples' behavior.

Moderator

A variable that affects the strength or direction of the relationship between an independent and a dependent variable in statistical analyses.