Greetings online disposed of a van that cost 22000 with, Ask an Expert

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Greetings Online disposed of a van that cost $22000 with accumulated depreciation of $15000. The journal entry would be to:

A. Debit accumulated depreciation $15000, debit depreciation expense $7000, credit can $22000.

B. debit loss disposal of plant asset $7000, debit accumulated depreciation $15000, credit van $22000.

C. Debit accumulated depreciation $15000, credit van $15000

D. None of the above.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M946925

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