During the year, A company disposed of an asset with an original cost of $19,847...

80.2K

Verified Solution

Question

Accounting

During the year, A company disposed of an asset with an original cost of $19,847 and accumulated depreciation of $6,616 for $20,486 cash. When recording the sale, the credit to equipment will be _____

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students