A Computer, with a Cost of $8,000 Is Sold on July

question 93

Essay

A computer, with a cost of $8,000 is sold on July 1. Accumulated depreciation up to the date of sale is $5,000. Journalize the entries for the disposal of the computer under the following INDEPENDENT scenarios:
1. The computer was sold for $6,000.
2. The computer was sold for $1,000.
3. The computer is obsolete and was thrown in the trash.

---

Definitions:

Standard Deviation

An indication of how spread out the numbers in a data set are, demonstrating variability from the mean.

Heights of Men

The measurement of how tall male individuals are, often collected for studies in ergonomics, health, or demographic research.

Standard Deviation

A measure of the dispersion or spread of a set of data points relative to its mean, indicating how much variation exists from the average.

Sample Mean

The average of all the observations in a sample.