Introduction to Accounting
80: The entry to record the disposal of a laptop computer with a cost of $2,500 and an accumulated depreciation of $1,500 would be:
a. debit Depreciation Expense, $2,500; credit Equipment $2,500
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b. debit Accumulated Depreciation $1,500; debit Loss on Disposal of an Asset $1,000; credit equipment $2,500
c. debit Equipment $2,500; credit Accumulated Depreciation $2,500
d. debit cash $2,500; credit Equipment $2,500
