Disposal_2

Retired a machinery that was purchased BD75000 useful life 10 years have no salvage value

• Debit. Accumulated Depreciation Credit. Cash

• Debit. Accumulated Depreciation Credit. Machinery

• Debit. Accumulated Depreciation Credit. Account Receivables

Bahrain Company sell Machinery for BD10,000 cash. The office original cost BD30,000. It had accumulated depreciation of BD25,000 compute gain or loss from selling the equipment

• BD10000 Gain

• BD10000 Loss

• BD5000 Gain

• BD5000 Loss

discard truck that was purchased at cost of 33,000 with a salvage value of 3,000 after and accumulated depreciation of BD24,000 no cash received .

• BD3,000 Loss

• BD9,000 Gain

• BD9,000 Loss

• BD3,000 Loss

AlAwami Company sell office equipment for BD9,000 cash. The office original cost BD50,000. It had accumulated depreciation of BD40,000.To compute gain or loss from selling the equipment

• BD1000 Gain

• BD1000 Loss

AlAwami Company sell office equipment for BD9,000 cash. The office original cost BD60,000. It had accumulated depreciation of BD51,000.To compute gain or loss from selling the equipment

• BD1000 Loss

• BD1000 Loss

• No Gain No Loss