Essay
On April 1, 2010, a company discarded a computer that cost $15,000 and that had a useful life of 4 years, and a residual value of $1,000. Based on straight-line depreciation, the accumulated depreciation as of December 31, 2009 was $10,700.
a. Prepare the journal entry to record depreciation up to the date of disposal of the computer.
b. Prepare the journal entry to record the disposal of the computer.
Correct Answer:
Verified
Correct Answer:
Verified
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