Business, 10.04.2020 22:36 kaseyvn03

Gaston owns equipment that cost $90,500 with accumulated depreciation of $61,000. Gaston asks $30,000 for the equipment but sells the equipment for $26,000. Which of the following would not be part of the journal entry to record the disposal of the equipment?
A) Debit Accumulated Depreciation $61,000.
B) Credit Equipment $90,500.
C) Debit Loss on Disposal of Equipment $3,500.
D) Credit Gain on Disposal of Equipment $3,500.
E) Debit Cash $6,000.

Answers: 3

Show answers

Other questions on the subject: Business

Business, 21.06.2019 15:30, gwoodbyrne

Thirty years ago daniel bought a plot of land for $50,000 when the cpi was 50. now the cpi is 180 and he sold the land for $180,000. what issue might inflation cause for daniel?

Answers: 2

continue

Business, 21.06.2019 20:50, Unkn0wn3815

Which of the following statements is not correct? 1) trade allows for specialization. 2) trade has the potential to benefit all nations. 3) trade allows nations to consume outside of their production possibilities curves. 4) absolute advantage is the driving force of specialization.

Answers: 3

continue

Business, 21.06.2019 20:50, nathand200127

Suppose the price of frozen yogurt, a substitute for ice cream, increases. what happens to equilibrium price and quantity of ice cream? a. the price and quantity of ice cream both increase b. the price and quantity of ice cream both decrease c. the price of ice cream increases and the quantity decreases d. the price of ice cream decreases and the quantity increases

Answers: 3

continue

Business, 22.06.2019 08:30, labrandonanderson00

What is the equity method balance in the investment in lindman account at the end of 2018?

Answers: 2

continue

You know the right answer?

Gaston owns equipment that cost $90,500 with accumulated depreciation of $61,000. Gaston asks $30,00...