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:

Organizations

Groups of individuals structured and managed to meet a need or pursue collective goals.

Globalization

The method through which companies or various organizations gain international impact or begin functioning globally.

Social Networks

Platforms or communities online where individuals can interact, share content, and communicate.

Generational Differences

The distinctions observed between generations regarding values, preferences, work habits, and communication styles, influenced by historical and societal contexts.