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

question 140

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 residual 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:

Jugular Foramen

A large opening in the base of the skull, through which the internal jugular vein and several important nerves pass.

Sella Turcica

A saddle-shaped depression in the sphenoid bone at the base of the human skull, which houses the pituitary gland.

Carotid Canal

A passageway in the temporal bone of the skull through which the internal carotid artery enters the cranial cavity.

Occipital

Referring to the occipital bone or region, located at the back and lower part of the skull, or the occipital lobe in the brain responsible for vision processing.