Hawthorn Company purchased a piece of equipment for $25,000 and has accumulated depreciation of $20,000 at...

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Hawthorn Company purchased a piece of equipment for $25,000 and has accumulated depreciation of $20,000 at the end of the current year. The company decides to discard the equipment at the end of the current year. What is the journal entry for the disposal? OA. Accumulated Depreciation - Equipment Gain on Disposal Truck B. Equipment Gain on Disposal Accumulated Depreciation Equipment - OC. Accumulated Depreciation - Equipment Loss on Disposal Truck OD. Accumulated Depreciation - Equipment Loss on Disposal Equipment 30,000 25,000 5,000 20,000 20,000 5,000 5,000 25,000 5,000 20,000 25,000 25,000 MacBook Air TEO A Time Remaining: 02:35:31 Next Hawthorn Company purchased a piece of equipment for $25,000 and has accumulated depreciation of $20,000 at the end of the current year. The company decides to discard the equipment at the end of the current year. What is the journal entry for the disposal? OA. Accumulated Depreciation - Equipment Gain on Disposal Truck B. Equipment Gain on Disposal Accumulated Depreciation Equipment - OC. Accumulated Depreciation - Equipment Loss on Disposal Truck OD. Accumulated Depreciation - Equipment Loss on Disposal Equipment 30,000 25,000 5,000 20,000 20,000 5,000 5,000 25,000 5,000 20,000 25,000 25,000 MacBook Air TEO A Time Remaining: 02:35:31 Next

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