A. assets disposal account; credit provision for depreciation account
B. provision for depreciation account; credit asset disposal account
C. fixed asset account; credit asset disposal account
D. asset disposal account; credit fixed asset account
Correct Answer: Option B
B. provision for depreciation account; credit asset disposal account
Explanation
Debit cash for the amount received, debit all accumulated depreciation, debit the loss on sale of an asset account, and credit the fixed asset.
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