On April 1,2010,a Company Discarded a Computer That Cost $15,000

question 103

Essay

On April 1,2010,a company discarded a computer that cost $15,000 and that had a useful life of 4 years and a salvage value of $1,000.Using straight-line depreciation,the accumulated depreciation as of December 31,2009 was $10,700.
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:

Constructionist Approach

A theoretical perspective that emphasizes the role of social constructs and interactions in the creation of reality and societal norms.

U.S. Court System

The judicial system of the United States, including federal and state courts, responsible for interpreting and applying the law.

Deviant Behavior

Actions or practices that deviate from what is considered normal or acceptable by society, sometimes attracting legal or ethical sanctions.

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An act or the commission of an act that is forbidden, or the omission of a duty that is commanded by a public law and that makes the offender liable to punishment by that law.