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In 2022, Blanchard Corporation Has Plant Equipment That Originally Cost

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In 2022, Blanchard Corporation has plant equipment that originally cost $120,000 and has accumulated depreciation of $48,000.A new processing technique has rendered the equipment obsolete, so it is retired.Which of the following entries should Blanchard use to record the retirement of the equipment? In 2022, Blanchard Corporation has plant equipment that originally cost $120,000 and has accumulated depreciation of $48,000.A new processing technique has rendered the equipment obsolete, so it is retired.Which of the following entries should Blanchard use to record the retirement of the equipment?

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