Question

On December 31, Briar Co. disposed of a piece of equipment that cost $6,000 with accumulated depreciation of $4,500. The entry to record this disposal would include a debit to which account and for how much

Answer 1

Loss on disposal of Equipment for the amount of $1,500

Step-by-step explanation:

Based on the above information given the entry to record the disposal would include a debit to LOSS ON DISPOSAL OF EQUIPMENT account for the amount of $1,500 calculated as:

December 31

Disposed Equipment of $6,000- Accumulated Depreciation of $4,500 =$1,500

Hence , $1,500 will be the amount of loss on disposal of the Equipment.