it may be can choose more than one answer. The following are a selection of journal entries

   it may be can choose more than one answer.

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The following are a selection of journal entries that Dragon Inc. recorded related to its non-current assets in July 2018. Straight line depreciation is used to record depreciation for all property, plant and equipment owned by Dragon Inc. Indicate whichof the entries shown below that were recorded correctly. a. July 4 b. July 8 Cash Accumulated Depreciation Equipment Loss on Disposal Equipment Sold equipment for $5,000 cash. The asset has a carrying amount of $5,500 on the date of the sale and was originally purchased for $9,000. Copyright Expense Cash Payment of $2,300 to successfullydefend copyright for the logo for Dragon Inc. 2,300 5,000 3,500 500 2,300 9,000 The following are a selection of journal entries that Dragon Inc. recorded related to its non-current assets in July 2018. Straight line depreciation is used to record depreciation for all property, plant and equipment owned by Dragon Inc. Indicate whichof the entries shown below that were recorded correctly. a. July 4 b. July 8 Cash Accumulated Depreciation Equipment Loss on Disposal Equipment Sold equipment for $5,000 cash. The asset has a carrying amount of $5,500 on the date of the sale and was originally purchased for $9,000. Copyright Expense Cash Payment of $2,300 to successfullydefend copyright for the logo for Dragon Inc. 2,300 5,000 3,500 500 2,300 9,000

Answer rating: 100% (QA)

b Payment made to defend the copyright logo as legal expenses ... View the full answer