Which of the following is the correct entry to write down a capital asset?
A. Dr. Accumulated depreciation
Cr. Loss on write-down of asset
B. Dr. Accumulated depreciation
Cr. Asset
C. Dr. Loss on write-down of asset
Cr. Asset
D. Dr. Loss on write-down of asset
Cr. Accumulated depreciation
A) Option A
B) Option B
C) Option C
D) Option D
Correct Answer:
Verified
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