If a Computer with a Fully Depreciated Cost of $30

question 13

Multiple Choice

If a computer with a fully depreciated cost of $30 000 is discarded as worthless,the accounting entry to record the scrapping is:

• A)Debit expense on disposal of asset $30 000; credit computer $30 000
• B)Debit expense on disposal of asset $30 000; credit accumulated depreciation computer $30 000
• C)Debit accumulated depreciation computer $30 000; credit computer $30 000
• D)Debit accumulated depreciation computer $30 000; credit computer $30 000,Debit expense on disposal of asset,credit proceeds of disposal of asset $30,000.

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Definitions:

Two Categories

A classification method that divides items or subjects into two distinct groups based on specific criteria.

Z-test

An evaluative statistical approach used to see if there's a meaningful difference between the mean values of two populations, provided that the variances are established and the samples are sizeable.

Two Categories

A classification into one of two distinct groups or divisions based on specific criteria.

Claims Filed

The number of requests submitted for compensation or coverage by a policy.