The entry to record the disposal of a laptop computer with a cost of $2,500 and an accumulated depreciation of $1,500 would be:

Question

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When disposing of an asset, you need to remove the cost and accumulated depreciation from the books. The cost of the laptop computer is $2,500 and the accumulated depreciation is $1,500, so the book value remaining on the asset is $1,000 ($2,500 - $1,500 = $1,000).

Option A is incorrect because you cannot debit Depreciation Expense when disposing of an asset, as Depreciation Expense is used to record the decrease in value of an asset over its useful life.

Option C is incorrect because it would record the cost of the laptop computer as still being on the books, which is not accurate after disposal.

Option D is incorrect because it assumes that the company received cash for the disposal, which may not necessarily be the case.

Option B is the correct entry because it removes the cost and accumulated depreciation from the books, and assumes a loss of $1,000 on disposal. The loss is recorded to Loss on Disposal of an Asset account.

Therefore, the entry to record the disposal of the laptop computer would be:
Debit Accumulated Depreciation $1,500
Debit Loss on Disposal of an Asset $1,000
Credit Equipment $2,500

The Entry to Record the Disposal of a Laptop Computer