On June 30,2018,Staton Island Company Discarded Equipment Costing $40,000

question 117

Essay

On June 30,2018,Staton Island Company discarded equipment costing $40,000.Accumulated Depreciation as of December 31,2017,was $25,000.Assume annual depreciation on the equipment is $2,500.Prepare the journal entries for the 2018 depreciation expense and for the disposal of the equipment.Omit explanation.

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Definitions:

Health Behaviors

Actions taken by individuals that affect their health, either positively or negatively, such as diet, exercise, smoking, and drinking.

Death Rates

The frequency of deaths in a population over a specific period of time, usually expressed per thousand or hundred thousand persons per year.

Cancer

A disease characterized by the uncontrolled division of abnormal cells in a part of the body.

General Adaptation Syndrome

A theory describing the body's short-term and long-term reactions to stress, consisting of three stages: alarm, resistance, and exhaustion.