A computer,with a cost of $10,000 is sold on July 1.Accumulated depreciation up to the date of sale is $5,000.Journalize the entries for the disposal of the computer under the following INDEPENDENT scenarios:
1.The computer was sold for $6,000.
2.The computer was sold for $1,000.
3.The computer is obsolete and was junked.

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The Answer of A computer,with a cost of $10,000 is sold on July 1.Accumulated depreciation up to the date of sale is $5,000.Journalize the entries for the disposal of the computer under the following INDEPENDENT scenarios:
1.The computer was sold for $6,000.
2.The computer was sold for $1,000.
3.The computer is obsolete and was junked.

A Computer,with a Cost of $10,000 Is Sold on July