Hello Online disposed of a van that cost $26,000 with accumulated depreciation of $19,000. The journal entry would include a:

A) credit to Van $26,000.
B) debit to Accumulated Depreciation $19,000.
C) debit to Loss on Disposal of Plant Asset $7,000.
D) All of these answers are correct.

The correct journal entry for disposing of a van includes crediting the Van account for its original cost ($26,000), debiting Accumulated Depreciation for the amount accumulated over time ($19,000), and recognizing any loss on disposal (the difference between the van's book value and its disposal value, in this case, $7,000 as a loss since the van's book value is $7,000 [$26,000 cost - $19,000 accumulated depreciation] and it appears to have been disposed of for $0).