R company sold old equipment for $25 000. The equipment had a cost of $50 000 and accumulated depreciation of $30 000. The entry to record the sale of the equipment would include a ( ).
A: loss on disposal of $25 000
B: gain on disposal of $25 000
C: loss on disposal of $5 000
D: gain on disposal of $5 000
A: loss on disposal of $25 000
B: gain on disposal of $25 000
C: loss on disposal of $5 000
D: gain on disposal of $5 000
举一反三
- Oliver Ltd purchased a piece of equipment for $20 000. It paid GST of $2000, shipping charges of $500, and insurance during transit of $200. Installation and testing of the new equipment cost $1000. The total to be debited to the Equipment account is: A: $22 000 B: $22 700 C: $23 000 D: $23 700
- 中国大学MOOC: A company purchased an equipment by paying $26, 000 cash. When this transaction is recorded, the cash account is debited for $26, 000.
- Gainor loss on disposal of equipment is relevant in deciding whether to keep orreplace equipment.
- The disposal value of old equipment is relevant.
- 按法定程序减少注册资本25 000元，用银行存款向所有者支付，应编制会计分录为（ ） A: 借：实收资本25 000 贷：银行存款25 000 B: 借：银行存款25 000 贷：实收资本25 000 C: 借：资本公积25 000 贷：银行存款25 000 D: 借：银行存款25 000 贷：资本公积25 000