Submit quiz Collins Company discards equipment that cost $20,000, has no residual value, and is fully depreciated

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Submit quiz Collins Company discards equipment that cost $20,000, has no residual value, and is fully depreciated at the end of year 5. What is the journal entry for the disposal at the end of year 5? O A. Equipment 20,000 Depreciation Expense-Equipment 20,000 O B. Accumulated Depreciation-Equipment 20,000 Equipment 20,000 O C. Equipment 20,000 Accumulated Depreciation-Equipment 20,000 O D. Depreciation Expense-Equipment 20,000 Equipment 20,000

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Submit quiz Collins Company discards equipment that cost $20,000, has no residual value, and is fully depreciated

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