Brandy Enterprises discarded a computer that was fully depreciated and had no residual value. As a result of this transaction, Brandy will ________.
A) report a loss equal to the historical cost of the computer
B) Debit the Computer account and credit the Accumulated Depreciation - Computer account
C) Debit the Accumulated Depreciation - Computer account; debit Loss on Disposal of Computer account, and credit the Computer account
D) zero out the Computer and Accumulated Depreciation - Computer accounts
D) zero out the Computer and Accumulated Depreciation - Computer accounts
You might also like to view...
A newspaper boy is trying to perfect his business in order to maximize the money he can save for a new car. Daily paper sales are normally distributed, with a mean of 100 and standard deviation of 10
He sells papers for $0.50 and pays $0.30 for them. Unsold papers are trashed with no salvage value. How many papers should he order each day and what % of the time will he experience a stockout? Are there any drawbacks to the order size proposed and how could the boy address such issues?
Continuous manufacturing refers to assembly lines that run 24 hours a day, seven days a week.
Answer the following statement true (T) or false (F)
What argument would a utilitarian use to explain how the tobacco industry acts as a positive force in society?
What will be an ideal response?
A request for proposals is used to initiate all projects by communicating that a project is needed
a. True
b. False
Indicate whether the statement is true or false