Multiple Choice
Equipment that cost $90000 and on which $50000 of accumulated depreciation has been recorded was disposed of for $45000 cash.Recording this event would include a(n)
A) gain of $5000.
B) loss of $5000.
C) decrease to Equipment for $15000.
D) increase to Accumulated Depreciation for $15000.
Correct Answer:
Verified
Correct Answer:
Verified
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