On December 31, Briar Co. disposed of a piece of equipment that cost $6,000 with accumulated depreciation of $4,500. The entry to record this disposal would include a debit to which account and for how much?Multiple choice question.Loss on Disposal of Equipment for $1,500Equipment for $6,000Depreciation Expense - Equipment for $1,500Accumulated Depreciation for $6,000

Equipment that cost $420,000 and on which $200,000 of accumulated depreciation has been recorded was disposed of for $180,000 cash. The entry to record this event would include aGroup of answer choicesloss of $40,000.credit to Accumulated Depreciation for $200,000.credit to the Equipment account for $220,000.gain of $40,000.

A company sells a plant asset which originally cost $360,000 for $120,000 on December 31, 2021. The Accumulated Depreciation account had a balance of $144,000 after the current year's depreciation of $36,000 had been recorded. The company should recognize aGroup of answer choices$240,000 loss on disposal.$96,000 gain on disposal.$96,000 loss on disposal.$60,000 loss on disposal.

Forward Co. discarded a machine that cost $5,000 and was fully depreciated. The entry to record this transaction would include a credit to the Blank______ account.Multiple choice question.Depreciation Expense - MachineryAccumulated Depreciation - MachineryMachineryLoss on Disposal of Machinery

During the year ended 31 December 2012 a business purchased a vehicle for $23 500. On30 September 2015 it was sold for $3500. Depreciation was charged at 20% per annum using thestraight line method. A full year’s depreciation was charged in the year of purchase and the yearof disposal.What was the profit or loss on disposal of the vehicle?A $1200 lossB $1200 profitC $5900 lossD $5900 profit

A company sold equipment that originally cost $180,000 for $144,000 cash. The accumulated depreciation on the equipment was $36,000. The company should recognize a:Multiple Choice$36,000 loss.$18,000 loss.$144,000 gain.$18,000 gain.$0 gain or loss.