Homework Answers
Straight-line Method
Annual Depreciation = 15,200 /8 = $ 1,900
Carrying Value on December 31,2019 =15,200-(1900*2) = $ 11,400
Loss on Sale of asset = $11,400 -5,400 = $6,000
Answer:
option:2
| Cash | 5,400 | |
| Accumulated Depreciation (1900*2) | 3,800 | |
| Loss on sales of Equipment | 6,000 | |
| Equipment | 15,200 |
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