On April 1, 2010, a Company Discarded a Computer That

question 29

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. Based on 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:

Rewards

Incentives or benefits given to individuals or groups to recognize and encourage desirable behavior or performance.

Participant Observation

A qualitative research method where the researcher immerses themselves in a group or community to observe behaviors and interactions from within.

Unobtrusive Measurement

A method of data collection in research that does not interfere with the subjects' behavior, allowing for more natural and authentic responses.

Survey Research

A method of gathering information from a sample of individuals through their responses to questions, often used in the social sciences.