Introduction to Accounting

Mar 8th, 2015
Business Finance
Price: $5 USD

Question description

80: The entry to record the disposal of a laptop computer with a cost of $2,500 and an accumulated depreciation of $1,500 would be:

a. debit Depreciation Expense, $2,500; credit Equipment $2,500

b. debit Accumulated Depreciation $1,500; debit Loss on Disposal of an Asset $1,000; credit equipment $2,500

c. debit Equipment $2,500; credit Accumulated Depreciation $2,500

d. debit cash $2,500; credit Equipment $2,500

Tutor Answer

(Top Tutor) Anjum H
School: New York University

Studypool has helped 1,244,100 students

Review from student
" Top quality work from this guy! I'll be back! "
Ask your homework questions. Receive quality answers!

Type your question here (or upload an image)

1828 tutors are online

Brown University

1271 Tutors

California Institute of Technology

2131 Tutors

Carnegie Mellon University

982 Tutors

Columbia University

1256 Tutors

Dartmouth University

2113 Tutors

Emory University

2279 Tutors

Harvard University

599 Tutors

Massachusetts Institute of Technology

2319 Tutors

New York University

1645 Tutors

Notre Dam University

1911 Tutors

Oklahoma University

2122 Tutors

Pennsylvania State University

932 Tutors

Princeton University

1211 Tutors

Stanford University

983 Tutors

University of California

1282 Tutors

Oxford University

123 Tutors

Yale University

2325 Tutors