Business, 06.05.2020 06:13 villafana36

In 2014, Blanchard Corporation has plant equipment that originally cost $75,000 and has accumulated depreciation of $30,000. 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?

a. Loss on Disposal of Plant Assets 45,000 Equipment 45,000
b. Plant Equipment 75,000 Accumulated Depreciation – Equipment 30,000 Loss on Disposal of Plant Assets 45,000
c. Accumulated Depreciation – Equipment 30,000 Loss on Disposal of Plant Assets 45,000 Equipment 75,000
d. Loss on Disposal of Plant Assets 45,000 Accumulated Depreciation – Equipment 45,000

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In 2014, Blanchard Corporation has plant equipment that originally cost $75,000 and has accumulated...

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