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Brandy Enterprises Discarded a Computer That Was Fully Depreciated and Had

Question 109

Multiple Choice

Brandy Enterprises discarded a computer that was fully depreciated and had no residual value.As a result of this transaction,Brandy will ________.


A) report a loss equal to the historical cost of the computer
B) Debit the Computer account and credit the Accumulated Depreciation - Computer account
C) Debit the Accumulated Depreciation - Computer account; debit Loss on Disposal of Computer account, and credit the Computer account
D) zero out the Computer and Accumulated Depreciation - Computer accounts

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