Account/Description Debit Credit (a) Dep. exp.-Office equipmentLoss on disposalG

Question

Account/Description Debit Credit (a) Dep. exp.-Office equipmentLoss on disposalGain on disposalAcc. Dep.-Office equipmentCashOffice equipment          Office equipmentLoss on disposalGain on disposalAcc. Dep.-Office equipmentDep. exp.-Office equipmentCash (b) Dep. exp.-Office equipmentAcc. Dep.-Office equipmentCashLoss on disposalOffice equipmentGain on disposal Dep. exp.-Office equipmentAcc. Dep.-Office equipmentLoss on disposalOffice equipmentGain on disposalCash Acc. Dep.-Office equipmentOffice equipmentLoss on disposalCashGain on disposalDep. exp.-Office equipment         CashDep. exp.-Office equipmentGain on disposalOffice equipmentAcc. Dep.-Office equipmentLoss on disposal

Explanation / Answer

accumulated depreciation = 41509 + 4899 = 46,408

cash = 20,779

Loss on disposal = 72274 - ( 46408 + 20779 ) = 5087

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