When a depreciable asset is sold at a price equal to its book value,a journal entry would include:
A)A credit to the asset account for its book value.
B)A debit to accumulated depreciation.
C)A credit to accumulated depreciation.
D)A credit to cash.

Question

Quizplus · Accepted Answer

The Answer of When a depreciable asset is sold at a price equal to its book value,a journal entry would include:
A)A credit to the asset account for its book value.
B)A debit to accumulated depreciation.
C)A credit to accumulated depreciation.
D)A credit to cash.

When a Depreciable Asset Is Sold at a Price Equal