Question: CALCULATOR BACK NEXT Multiple Choice Question 143 In 2022, Pronghorn Corp. has plant equipment that originally cost $195000 and has accumulated depreciation of $45000. A

 CALCULATOR BACK NEXT Multiple Choice Question 143 In 2022, Pronghorn Corp.

CALCULATOR BACK NEXT Multiple Choice Question 143 In 2022, Pronghorn Corp. has plant equipment that originally cost $195000 and has accumulated depreciation of $45000. A new processing technique has rendered the equipment obsolete, so it is retired. Which of the following entries should Pronghorn use to record the retirement of the equipment? Loss on Disposal of Plant Assets 150000 Accumulated Depreciation - Equipment 150000 O 195000 Plant Equipment Accumulated Depreciation - Equipment Loss on Disposal of Plant Assets 45000 150000 150000 O Loss on Disposal of Plant Assets Equipment 150000 Accumulated Depreciation - Equipment Loss on Disposal of Plant Assets 45000 150000 195000 Equipment Click if you would like to Show Work for this question: Open Show Work SAVE POR LATER SUBMIT Question Attempts: 0 of 1 used WOOROLY A 221820 Rook Pro

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