Multiple Choice
Equipment that cost $144000 and on which $120000 of accumulated depreciation has been recorded was disposed of for $36000 cash.Recording this event would include a(n)
A) gain of $12000.
B) loss of $12000.
C) decrease to Equipment for $36000.
D) increase to Accumulated Depreciation for $120000.
Correct Answer:
Verified
Correct Answer:
Verified
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