Business, 19.11.2019 01:31 mikehager4321
Equipment costing $276000 was destroyed when it caught on fire. at the date of the fire, the accumulated depreciation on the equipment was $103000. an insurance check for $325000 was received based on the replacement cost of the equipment. the entry to record the insurance proceeds and the disposition of the equipment will include a
a. credit to the equipment account of $16.
b. credit to the accumulated depreciation accou eunt for $1.
c. gain on disposal of $14.
d. gain on disposal of $4.
Answers: 1
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Equipment costing $276000 was destroyed when it caught on fire. at the date of the fire, the accumul...
History, 18.01.2020 01:31
History, 18.01.2020 01:31