Equipment with a Cost of $15 000 and Accumulated Depreciation

Multiple Choice

Equipment with a cost of $15 000 and accumulated depreciation of $12 500 was sold for $1 700. The journal entry to record the disposal would include:

A) CR Cash, $1 700.
B) CR Loss on sale, $800.
C) DR Accumulated depreciation, $12 500.
D) CR Equity, $15 000.