Business, 06.09.2019 18:20, ashliemallen

On december 31, strike company has decided to discard one of its batting cages. the initial cost of the equipment was $310,000 with an accumulated depreciation of $260,000. depreciation has been taken up to the end of the year. the following will be included in the entry to record the disposal.
a. accumulated depreciation dr. $310,000
b. loss on disposal of asset dr. $260,000
c. equipment cr. $310,000
d. gain on disposal of asset cr. $50,000

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On december 31, strike company has decided to discard one of its batting cages. the initial cost of...