Janel James, Bronys Bikes plant assets accountant, miscalculated the accumulated depreciation on the assets sold and thereby
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Question:
Janel James, Brony’s Bikes’ plant assets accountant, miscalculated the accumulated depreciation on the assets sold and thereby overstated the gain on disposal by $3,090,000. Audit Adjustment #10 should include
a. A 3,090,000 credit to Factory Equipment
b. A 3,090,000 credit to Accumulated Depreciation
c. A 9,100,000 debit to Gain/Loss on Disposal
d. A 9,100,000 credit to Gain/Loss on Disposal
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