Concept:To remove a fixed asset from the books, its original cost is transferred to an asset disposal account.
Explanation:The asset account shows the original cost of the asset.
When the asset is disposed of, this cost must be cleared from the asset account.
The disposal account is used to collect the cost, accumulated depreciation, and any sale proceeds.
Therefore, the write-off entry is:
Debit Asset disposal account
Credit Asset account
This entry reduces the asset account balance to zero and records the disposal cost in the disposal account.
Answer:C. Asset disposal account, credit asset account