Try another version of this question On May 21, 2020, Frank’s Fixtures discarded equipment that had a cost of $16,400, a residual value of $0, and was fully depreciated. Journalize the disposal of the equipment.
Date Description Debit Credit May 21 May 21 Date Description Debit Credit May 21 Accumulated Depr.-Equipment 16,400 May 21 Equipment 16,400