Which of the following journal entries is correct when a company owns its office building for many years and now sells the building? A. Cash Accumulated depreciation
Loss on sale
Building
B. Cash
Building
Gain on sale
Accumulated depreciation
C. Cash
Accumulated depreciation
Loss on sale
Building
D. Cash
Gain on sale
Building
A) Option A
B) Option B
C) Option C
D) Option D
Correct Answer:
Verified
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