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Which the company should for pp-e asset

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Reference no: EM132943297

Problem 1: A company sells a PP&E asset that originally cost $375,000 for $125,000 on December 31, 2017. The accumulated depreciation account had a balance of $150,000 after the current year's depreciation of $37,500 had been recorded. The company should

a. debit a $100,000 loss on disposal.

b. credit a $100,000 gain on disposal.

c. credit a $62,500 loss on disposal.

d. debit a $250,000 loss on disposal.

 

Reference no: EM132943297

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