Career Services, Incorporated sold some office equipment for $52,000 on December 31, 2015. The journal entry to record the sale would include which of the following if the original cost of the equipment was $80,000 with a residual value of $5,000 and a useful life of 10 years? Assume the machine was purchased on January 1, 2012 and depreciated using the straight-line method.

Respuesta :

Answer:

Cash                                  52.000  

Accumulated depreciation  30.000  

    Gain on asset disposal                 2.000

    Ofiice equipment                        80.000

Explanation:

                2012 2013 2014 2015

Cost       75000 67.500 60.000 52.500

Dep-Acu   7.500 7.500 7.500 7.500

Book Value 67.500 60.000 52.500 45.000