On December 31, Strike Company has decided to discard one of its batting cages. The...
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Accounting
On December 31, Strike Company has decided to discard one of its batting cages. The initial cost of the equipment was $219,818.00 with an accumulated depreciation of $197,836.20. Depreciation has been taken up to the end of the year. The following will be included in the entry to record the disposal.
Select the correct answer.
Equipment Cr. $219,818.00
Loss on Disposal of Asset Dr. $197,836.20
Accumulated Depreciation Dr. $219,818.00
Gain on Disposal of Asset Cr. $21,981.80
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