Which of the Following Is Correct When Recording the Disposal

question 93

Multiple Choice

Which of the following is correct when recording the disposal of equipment for a gain?

• A)A debit to a gain account.
• B)A credit to the equipment account for the asset's book value.
• C)A debit to accumulated depreciation for the depreciation accumulated to the date of disposal.
• D)A credit to cash.

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Definitions:

Philosophical Schools

Different traditions or approaches within philosophy that are characterized by distinct theories and methodologies.

Systemic

Pertains to viewing problems or solutions as part of a comprehensive system, recognizing the interdependencies and interactions between parts of the system.

Perturb

To disturb or unsettle significantly, often used in the context of altering one's mental or emotional state.

Reorganize

The process of rearranging or restructuring thoughts, behaviors, or organizational systems.