Business, 06.05.2020 04:59, ToriChristine
In 2022, Blanchard Corporation has plant equipment that originally cost $120,000 and has accumulated depreciation of $48,000. A new processing technique has rendered the equipment obsolete, so it is retired. Which of the following entries should Blanchard use to record the retirement of the equipment?DR Accumulated Depreciation – Equipment 48,000; DR Loss on Disposal of Plant Assets 72,000; CR Equipment 120,000
DR Plant Equipment 120,000; CR Accumulated Depreciation – Equipment 48,000; CR Loss on Disposal of Plant Assets 72,000
DR Loss on Disposal of Plant Assets 72,000; CR Equipment 72,000
DR Loss on Disposal of Plant Assets 72,000; CR Accumulated Depreciation – Equipment 72,000
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In 2022, Blanchard Corporation has plant equipment that originally cost $120,000 and has accumulated...
History, 26.10.2020 17:20