In 2022, Blue Spruce Corp. has plant equipment that originally cost $ 185000 and has accumulated depreciation

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In 2022, Blue Spruce Corp. has plant equipment that originally cost $185000 and has accumulated depreciation of $41000. A new processing technique has rendered the equipment obsolete, so it is retired. Which of the following entries should Blue use to record the retirement of the equipment?

Accumulated Depreciation - Equipment		41000
Loss on Disposal of Plant Assets		144000
	Equipment		185000

Plant Equipment		185000
	Accumulated Depreciation - Equipment		41000
	Loss on Disposal of Plant Assets		144000

Loss on Disposal of Plant Assets		144000
	Accumulated Depreciation - Equipment		144000

Loss on Disposal of Plant Assets		144000
	Equipment		144000

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Financial and Management Accounting

ISBN: 978-1292086590

7th edition

Authors: Pauline Weetman

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Posted Date: Mar 27, 2022 04:53 PM

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In 2022, Blue Spruce Corp. has plant equipment that originally cost $ 185000 and has accumulated depreciation

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Financial and Management Accounting

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