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If a Computer with a Fully Depreciated Cost of $30

Question 13

Multiple Choice

If a computer with a fully depreciated cost of $30 000 is discarded as worthless,the accounting entry to record the scrapping is:


A) Debit expense on disposal of asset $30 000; credit computer $30 000
B) Debit expense on disposal of asset $30 000; credit accumulated depreciation computer $30 000
C) Debit accumulated depreciation computer $30 000; credit computer $30 000
D) Debit accumulated depreciation computer $30 000; credit computer $30 000,Debit expense on disposal of asset,credit proceeds of disposal of asset $30,000.

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