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Bock Corporation Sold Equipment Costing $30,000 with $28,000 of Accumulated

Question 93

Multiple Choice

Bock Corporation sold equipment costing $30,000 with $28,000 of accumulated depreciation for $5,000 cash.Bock's journal entry to record this sale will involve a:


A) credit to Equipment for $2,000
B) debit to Depreciation Expense for $28,000
C) debit to Gain on Sale of Equipment for $3,000
D) debit to Accumulated Depreciation for $28,000

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