{"id":3646,"date":"2020-10-21T18:20:13","date_gmt":"2020-10-21T18:20:13","guid":{"rendered":"https:\/\/courses.lumenlearning.com\/wm-financialaccounting\/?post_type=chapter&#038;p=3646"},"modified":"2020-11-24T22:02:16","modified_gmt":"2020-11-24T22:02:16","slug":"asset-retirement","status":"publish","type":"chapter","link":"https:\/\/courses.lumenlearning.com\/suny-clinton-financialaccounting\/chapter\/asset-retirement\/","title":{"raw":"Asset Retirement","rendered":"Asset Retirement"},"content":{"raw":"<div class=\"textbox learning-objectives\">\r\n<h3>Learning Outcomes<\/h3>\r\n<ul>\r\n \t<li style=\"font-weight: 400;\">Journalize entries for discarding of plant assets<\/li>\r\n<\/ul>\r\n<\/div>\r\nWhen retiring a plant asset from service, a company removes the asset\u2019s cost and accumulated depreciation from its plant asset accounts. For example, Hassan Company would make the following journal entry when it disposed of a fully depreciated machine that cost $15,000 and had no salvage value:\r\n<table class=\"fin-table gridded\"><caption class=\"u-clearfix\"><span style=\"text-transform: uppercase;\">Journal<\/span><span style=\"float: right;\">Page 101<\/span><\/caption>\r\n<thead>\r\n<tr aria-hidden=\"true\">\r\n<td colspan=\"5\"><\/td>\r\n<\/tr>\r\n<tr>\r\n<th scope=\"col\">Date<\/th>\r\n<th scope=\"col\">Description<\/th>\r\n<th scope=\"col\">Post. Ref.<\/th>\r\n<th scope=\"col\">Debit<\/th>\r\n<th scope=\"col\">Credit<\/th>\r\n<\/tr>\r\n<\/thead>\r\n<tbody>\r\n<tr>\r\n<th scope=\"row\"><\/th>\r\n<td>Accumulated Depreciation\u2014Machinery<\/td>\r\n<td class=\"c\"><\/td>\r\n<td class=\"r\">15,000.00<\/td>\r\n<td><\/td>\r\n<\/tr>\r\n<tr>\r\n<th scope=\"row\"><\/th>\r\n<td>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Machinery<\/td>\r\n<td class=\"c\"><\/td>\r\n<td class=\"r\"><\/td>\r\n<td class=\"r\">15,000.00<\/td>\r\n<\/tr>\r\n<tr>\r\n<th scope=\"row\"><\/th>\r\n<td>To record the retirement of a fully depreciated machine.<\/td>\r\n<td class=\"c\"><\/td>\r\n<td class=\"r\"><\/td>\r\n<td class=\"r\"><\/td>\r\n<\/tr>\r\n<\/tbody>\r\n<\/table>\r\nThe asset would also be removed from the fixed asset list (subsidiary ledger) since it no longer physically exists (except maybe as a rusting piece of junk in the junkyard).\r\n\r\nOccasionally, a company continues to use a plant asset after it has been fully depreciated. In such a case, the firm should not remove the asset\u2019s cost and accumulated depreciation from the accounts until the asset is sold, traded, or retired from service. Of course, the company cannot record more depreciation on a fully depreciated asset because total depreciation expense taken on an asset may not exceed its depreciable cost (historical cost \u2212 salvage value).\r\n\r\nSometimes a business retires or discards a plant asset before fully depreciating it. When selling the asset as scrap (even if not immediately), the firm removes its cost and accumulated depreciation from the asset and accumulated depreciation accounts. In addition, the accountant records its estimated salvage value in a Salvaged Materials account and recognizes a gain or loss on disposal. To illustrate, assume that a firm retires a machine with a $10,000 original cost and $7,500 of accumulated depreciation. If the machine\u2019s estimated salvage value is $500, the following entry is required:\r\n<table class=\"fin-table gridded\"><caption class=\"u-clearfix\"><span style=\"text-transform: uppercase;\">Journal<\/span><span style=\"float: right;\">Page 101<\/span><\/caption>\r\n<thead>\r\n<tr aria-hidden=\"true\">\r\n<td colspan=\"5\"><\/td>\r\n<\/tr>\r\n<tr>\r\n<th scope=\"col\">Date<\/th>\r\n<th scope=\"col\">Description<\/th>\r\n<th scope=\"col\">Post. Ref.<\/th>\r\n<th scope=\"col\">Debit<\/th>\r\n<th scope=\"col\">Credit<\/th>\r\n<\/tr>\r\n<\/thead>\r\n<tbody>\r\n<tr>\r\n<th scope=\"row\"><\/th>\r\n<td>Salvaged materials<\/td>\r\n<td class=\"c\"><\/td>\r\n<td class=\"r\">500.00<\/td>\r\n<td><\/td>\r\n<\/tr>\r\n<tr>\r\n<th scope=\"row\"><\/th>\r\n<td>Accumulated Depreciation\u2014Machinery<\/td>\r\n<td class=\"c\"><\/td>\r\n<td class=\"r\">7,500.00<\/td>\r\n<td><\/td>\r\n<\/tr>\r\n<tr>\r\n<th scope=\"row\"><\/th>\r\n<td>Loss from Disposal of Plant Assets<\/td>\r\n<td class=\"c\"><\/td>\r\n<td class=\"r\">2,000.00<\/td>\r\n<td><\/td>\r\n<\/tr>\r\n<tr>\r\n<th scope=\"row\"><\/th>\r\n<td>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Machinery<\/td>\r\n<td class=\"c\"><\/td>\r\n<td class=\"r\"><\/td>\r\n<td class=\"r\">10,000.00<\/td>\r\n<\/tr>\r\n<tr>\r\n<th scope=\"row\"><\/th>\r\n<td>To record the retirement of machinery, which will be sold for scrap at a later time.<\/td>\r\n<td class=\"c\"><\/td>\r\n<td class=\"r\"><\/td>\r\n<td class=\"r\"><\/td>\r\n<\/tr>\r\n<\/tbody>\r\n<\/table>\r\nSometimes accidents, fires, floods, and storms wreck or destroy plant assets, causing companies to incur losses. For example, assume that fire completely destroyed an uninsured building costing $40,000 with up-to-date accumulated depreciation of $12,000. The journal entry is:\r\n<table class=\"fin-table gridded\"><caption class=\"u-clearfix\"><span style=\"text-transform: uppercase;\">Journal<\/span><span style=\"float: right;\">Page 101<\/span><\/caption>\r\n<thead>\r\n<tr aria-hidden=\"true\">\r\n<td colspan=\"5\"><\/td>\r\n<\/tr>\r\n<tr>\r\n<th scope=\"col\">Date<\/th>\r\n<th scope=\"col\">Description<\/th>\r\n<th scope=\"col\">Post. Ref.<\/th>\r\n<th scope=\"col\">Debit<\/th>\r\n<th scope=\"col\">Credit<\/th>\r\n<\/tr>\r\n<\/thead>\r\n<tbody>\r\n<tr>\r\n<th scope=\"row\"><\/th>\r\n<td>Loss from Fire<\/td>\r\n<td class=\"c\"><\/td>\r\n<td class=\"r\">28,000.00<\/td>\r\n<td><\/td>\r\n<\/tr>\r\n<tr>\r\n<th scope=\"row\"><\/th>\r\n<td>Accumulated Depreciation\u2014Buildings<\/td>\r\n<td class=\"c\"><\/td>\r\n<td class=\"r\">12,000.00<\/td>\r\n<td><\/td>\r\n<\/tr>\r\n<tr>\r\n<th scope=\"row\"><\/th>\r\n<td>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Buildings<\/td>\r\n<td class=\"c\"><\/td>\r\n<td class=\"r\"><\/td>\r\n<td class=\"r\">40,000.00<\/td>\r\n<\/tr>\r\n<tr>\r\n<th scope=\"row\"><\/th>\r\n<td>To record fire loss.<\/td>\r\n<td class=\"c\"><\/td>\r\n<td class=\"r\"><\/td>\r\n<td class=\"r\"><\/td>\r\n<\/tr>\r\n<\/tbody>\r\n<\/table>\r\nIf the building was insured, the company would debit only the amount of the fire loss exceeding the amount to be recovered from the insurance company to the Fire Loss account. To illustrate, assume the company partially insured the building and received $22,000 from the insurance company. The journal entry is:\r\n<table class=\"fin-table gridded\"><caption class=\"u-clearfix\"><span style=\"text-transform: uppercase;\">Journal<\/span><span style=\"float: right;\">Page 101<\/span><\/caption>\r\n<thead>\r\n<tr aria-hidden=\"true\">\r\n<td colspan=\"5\"><\/td>\r\n<\/tr>\r\n<tr>\r\n<th scope=\"col\">Date<\/th>\r\n<th scope=\"col\">Description<\/th>\r\n<th scope=\"col\">Post. Ref.<\/th>\r\n<th scope=\"col\">Debit<\/th>\r\n<th scope=\"col\">Credit<\/th>\r\n<\/tr>\r\n<\/thead>\r\n<tbody>\r\n<tr>\r\n<th scope=\"row\"><\/th>\r\n<td>Cash<\/td>\r\n<td class=\"c\"><\/td>\r\n<td class=\"r\">22,000.00<\/td>\r\n<td><\/td>\r\n<\/tr>\r\n<tr>\r\n<th scope=\"row\"><\/th>\r\n<td>Loss from Fire<\/td>\r\n<td class=\"c\"><\/td>\r\n<td class=\"r\">6,000.00<\/td>\r\n<td><\/td>\r\n<\/tr>\r\n<tr>\r\n<th scope=\"row\"><\/th>\r\n<td>Accumulated Depreciation\u2014Buildings<\/td>\r\n<td class=\"c\"><\/td>\r\n<td class=\"r\">12,000.00<\/td>\r\n<td><\/td>\r\n<\/tr>\r\n<tr>\r\n<th scope=\"row\"><\/th>\r\n<td>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Buildings<\/td>\r\n<td class=\"c\"><\/td>\r\n<td class=\"r\"><\/td>\r\n<td class=\"r\">40,000.00<\/td>\r\n<\/tr>\r\n<tr>\r\n<th scope=\"row\"><\/th>\r\n<td>To record fire loss and amount recoverable from insurance company.<\/td>\r\n<td class=\"c\"><\/td>\r\n<td class=\"r\"><\/td>\r\n<td class=\"r\"><\/td>\r\n<\/tr>\r\n<\/tbody>\r\n<\/table>\r\nHere is an overview of the process:\r\n\r\nhttps:\/\/youtu.be\/s45Fz0JCydM\r\n\r\nWe\u2019ll next learn how to journalize entries for sale of assets.\r\n<div class=\"textbox tryit\">\r\n<h3>practice question<\/h3>\r\nhttps:\/\/assessments.lumenlearning.com\/assessments\/23783\r\n\r\n[ohm_question]206025[\/ohm_question]\r\n\r\n[ohm_question]206027[\/ohm_question]\r\n\r\n<\/div>","rendered":"<div class=\"textbox learning-objectives\">\n<h3>Learning Outcomes<\/h3>\n<ul>\n<li style=\"font-weight: 400;\">Journalize entries for discarding of plant assets<\/li>\n<\/ul>\n<\/div>\n<p>When retiring a plant asset from service, a company removes the asset\u2019s cost and accumulated depreciation from its plant asset accounts. For example, Hassan Company would make the following journal entry when it disposed of a fully depreciated machine that cost $15,000 and had no salvage value:<\/p>\n<table class=\"fin-table gridded\">\n<caption class=\"u-clearfix\"><span style=\"text-transform: uppercase;\">Journal<\/span><span style=\"float: right;\">Page 101<\/span><\/caption>\n<thead>\n<tr aria-hidden=\"true\">\n<td colspan=\"5\"><\/td>\n<\/tr>\n<tr>\n<th scope=\"col\">Date<\/th>\n<th scope=\"col\">Description<\/th>\n<th scope=\"col\">Post. Ref.<\/th>\n<th scope=\"col\">Debit<\/th>\n<th scope=\"col\">Credit<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<th scope=\"row\"><\/th>\n<td>Accumulated Depreciation\u2014Machinery<\/td>\n<td class=\"c\"><\/td>\n<td class=\"r\">15,000.00<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<th scope=\"row\"><\/th>\n<td>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Machinery<\/td>\n<td class=\"c\"><\/td>\n<td class=\"r\"><\/td>\n<td class=\"r\">15,000.00<\/td>\n<\/tr>\n<tr>\n<th scope=\"row\"><\/th>\n<td>To record the retirement of a fully depreciated machine.<\/td>\n<td class=\"c\"><\/td>\n<td class=\"r\"><\/td>\n<td class=\"r\"><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>The asset would also be removed from the fixed asset list (subsidiary ledger) since it no longer physically exists (except maybe as a rusting piece of junk in the junkyard).<\/p>\n<p>Occasionally, a company continues to use a plant asset after it has been fully depreciated. In such a case, the firm should not remove the asset\u2019s cost and accumulated depreciation from the accounts until the asset is sold, traded, or retired from service. Of course, the company cannot record more depreciation on a fully depreciated asset because total depreciation expense taken on an asset may not exceed its depreciable cost (historical cost \u2212 salvage value).<\/p>\n<p>Sometimes a business retires or discards a plant asset before fully depreciating it. When selling the asset as scrap (even if not immediately), the firm removes its cost and accumulated depreciation from the asset and accumulated depreciation accounts. In addition, the accountant records its estimated salvage value in a Salvaged Materials account and recognizes a gain or loss on disposal. To illustrate, assume that a firm retires a machine with a $10,000 original cost and $7,500 of accumulated depreciation. If the machine\u2019s estimated salvage value is $500, the following entry is required:<\/p>\n<table class=\"fin-table gridded\">\n<caption class=\"u-clearfix\"><span style=\"text-transform: uppercase;\">Journal<\/span><span style=\"float: right;\">Page 101<\/span><\/caption>\n<thead>\n<tr aria-hidden=\"true\">\n<td colspan=\"5\"><\/td>\n<\/tr>\n<tr>\n<th scope=\"col\">Date<\/th>\n<th scope=\"col\">Description<\/th>\n<th scope=\"col\">Post. Ref.<\/th>\n<th scope=\"col\">Debit<\/th>\n<th scope=\"col\">Credit<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<th scope=\"row\"><\/th>\n<td>Salvaged materials<\/td>\n<td class=\"c\"><\/td>\n<td class=\"r\">500.00<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<th scope=\"row\"><\/th>\n<td>Accumulated Depreciation\u2014Machinery<\/td>\n<td class=\"c\"><\/td>\n<td class=\"r\">7,500.00<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<th scope=\"row\"><\/th>\n<td>Loss from Disposal of Plant Assets<\/td>\n<td class=\"c\"><\/td>\n<td class=\"r\">2,000.00<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<th scope=\"row\"><\/th>\n<td>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Machinery<\/td>\n<td class=\"c\"><\/td>\n<td class=\"r\"><\/td>\n<td class=\"r\">10,000.00<\/td>\n<\/tr>\n<tr>\n<th scope=\"row\"><\/th>\n<td>To record the retirement of machinery, which will be sold for scrap at a later time.<\/td>\n<td class=\"c\"><\/td>\n<td class=\"r\"><\/td>\n<td class=\"r\"><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Sometimes accidents, fires, floods, and storms wreck or destroy plant assets, causing companies to incur losses. For example, assume that fire completely destroyed an uninsured building costing $40,000 with up-to-date accumulated depreciation of $12,000. The journal entry is:<\/p>\n<table class=\"fin-table gridded\">\n<caption class=\"u-clearfix\"><span style=\"text-transform: uppercase;\">Journal<\/span><span style=\"float: right;\">Page 101<\/span><\/caption>\n<thead>\n<tr aria-hidden=\"true\">\n<td colspan=\"5\"><\/td>\n<\/tr>\n<tr>\n<th scope=\"col\">Date<\/th>\n<th scope=\"col\">Description<\/th>\n<th scope=\"col\">Post. Ref.<\/th>\n<th scope=\"col\">Debit<\/th>\n<th scope=\"col\">Credit<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<th scope=\"row\"><\/th>\n<td>Loss from Fire<\/td>\n<td class=\"c\"><\/td>\n<td class=\"r\">28,000.00<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<th scope=\"row\"><\/th>\n<td>Accumulated Depreciation\u2014Buildings<\/td>\n<td class=\"c\"><\/td>\n<td class=\"r\">12,000.00<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<th scope=\"row\"><\/th>\n<td>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Buildings<\/td>\n<td class=\"c\"><\/td>\n<td class=\"r\"><\/td>\n<td class=\"r\">40,000.00<\/td>\n<\/tr>\n<tr>\n<th scope=\"row\"><\/th>\n<td>To record fire loss.<\/td>\n<td class=\"c\"><\/td>\n<td class=\"r\"><\/td>\n<td class=\"r\"><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>If the building was insured, the company would debit only the amount of the fire loss exceeding the amount to be recovered from the insurance company to the Fire Loss account. To illustrate, assume the company partially insured the building and received $22,000 from the insurance company. The journal entry is:<\/p>\n<table class=\"fin-table gridded\">\n<caption class=\"u-clearfix\"><span style=\"text-transform: uppercase;\">Journal<\/span><span style=\"float: right;\">Page 101<\/span><\/caption>\n<thead>\n<tr aria-hidden=\"true\">\n<td colspan=\"5\"><\/td>\n<\/tr>\n<tr>\n<th scope=\"col\">Date<\/th>\n<th scope=\"col\">Description<\/th>\n<th scope=\"col\">Post. Ref.<\/th>\n<th scope=\"col\">Debit<\/th>\n<th scope=\"col\">Credit<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<th scope=\"row\"><\/th>\n<td>Cash<\/td>\n<td class=\"c\"><\/td>\n<td class=\"r\">22,000.00<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<th scope=\"row\"><\/th>\n<td>Loss from Fire<\/td>\n<td class=\"c\"><\/td>\n<td class=\"r\">6,000.00<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<th scope=\"row\"><\/th>\n<td>Accumulated Depreciation\u2014Buildings<\/td>\n<td class=\"c\"><\/td>\n<td class=\"r\">12,000.00<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<th scope=\"row\"><\/th>\n<td>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Buildings<\/td>\n<td class=\"c\"><\/td>\n<td class=\"r\"><\/td>\n<td class=\"r\">40,000.00<\/td>\n<\/tr>\n<tr>\n<th scope=\"row\"><\/th>\n<td>To record fire loss and amount recoverable from insurance company.<\/td>\n<td class=\"c\"><\/td>\n<td class=\"r\"><\/td>\n<td class=\"r\"><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Here is an overview of the process:<\/p>\n<p><iframe loading=\"lazy\" id=\"oembed-1\" title=\"Disposing of Depreciated Assets (part 1 of 2)\" width=\"500\" height=\"375\" src=\"https:\/\/www.youtube.com\/embed\/s45Fz0JCydM?feature=oembed&#38;rel=0\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<p>We\u2019ll next learn how to journalize entries for sale of assets.<\/p>\n<div class=\"textbox tryit\">\n<h3>practice question<\/h3>\n<p>\t<iframe id=\"lumen_assessment_23783\" class=\"resizable\" src=\"https:\/\/assessments.lumenlearning.com\/assessments\/load?assessment_id=23783&#38;embed=1&#38;external_user_id=&#38;external_context_id=&#38;iframe_resize_id=lumen_assessment_23783\" frameborder=\"0\" style=\"border:none;width:100%;height:100%;min-height:400px;\"><br \/>\n\t<\/iframe><\/p>\n<p><iframe loading=\"lazy\" id=\"ohm206025\" class=\"resizable\" src=\"https:\/\/ohm.lumenlearning.com\/multiembedq.php?id=206025&theme=oea&iframe_resize_id=ohm206025&show_question_numbers\" width=\"100%\" height=\"150\"><\/iframe><\/p>\n<p><iframe loading=\"lazy\" id=\"ohm206027\" class=\"resizable\" src=\"https:\/\/ohm.lumenlearning.com\/multiembedq.php?id=206027&theme=oea&iframe_resize_id=ohm206027&show_question_numbers\" width=\"100%\" height=\"150\"><\/iframe><\/p>\n<\/div>\n\n\t\t\t <section class=\"citations-section\" role=\"contentinfo\">\n\t\t\t <h3>Candela Citations<\/h3>\n\t\t\t\t\t <div>\n\t\t\t\t\t\t <div id=\"citation-list-3646\">\n\t\t\t\t\t\t\t <div class=\"licensing\"><div class=\"license-attribution-dropdown-subheading\">CC licensed content, Original<\/div><ul class=\"citation-list\"><li>Accounting Principles: A Business Perspective. <strong>Authored by<\/strong>: Joseph Cooke. <strong>Provided by<\/strong>: Lumen Learning. <strong>License<\/strong>: <em><a target=\"_blank\" rel=\"license\" href=\"https:\/\/creativecommons.org\/licenses\/by\/4.0\/\">CC BY: Attribution<\/a><\/em><\/li><\/ul><div class=\"license-attribution-dropdown-subheading\">All rights reserved content<\/div><ul class=\"citation-list\"><li>Disposing of Depreciated Assets (Part 1 of 2). <strong>Authored by<\/strong>:  Brain Mass. <strong>Located at<\/strong>: <a target=\"_blank\" href=\"https:\/\/youtu.be\/s45Fz0JCydM\">https:\/\/youtu.be\/s45Fz0JCydM<\/a>. <strong>License<\/strong>: <em>All Rights Reserved<\/em>. <strong>License Terms<\/strong>: Standard YouTube video<\/li><\/ul><\/div>\n\t\t\t\t\t\t <\/div>\n\t\t\t\t\t <\/div>\n\t\t\t <\/section>","protected":false},"author":90270,"menu_order":15,"template":"","meta":{"_candela_citation":"[{\"type\":\"original\",\"description\":\"Accounting Principles: A Business Perspective\",\"author\":\"Joseph Cooke\",\"organization\":\"Lumen Learning\",\"url\":\"\",\"project\":\"\",\"license\":\"cc-by\",\"license_terms\":\"\"},{\"type\":\"copyrighted_video\",\"description\":\"Disposing of Depreciated Assets (Part 1 of 2)\",\"author\":\" Brain Mass\",\"organization\":\"\",\"url\":\"https:\/\/youtu.be\/s45Fz0JCydM\",\"project\":\"\",\"license\":\"arr\",\"license_terms\":\"Standard YouTube video\"}]","CANDELA_OUTCOMES_GUID":"","pb_show_title":"on","pb_short_title":"","pb_subtitle":"","pb_authors":[],"pb_section_license":""},"chapter-type":[],"contributor":[],"license":[],"class_list":["post-3646","chapter","type-chapter","status-publish","hentry"],"part":766,"_links":{"self":[{"href":"https:\/\/courses.lumenlearning.com\/suny-clinton-financialaccounting\/wp-json\/pressbooks\/v2\/chapters\/3646","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/courses.lumenlearning.com\/suny-clinton-financialaccounting\/wp-json\/pressbooks\/v2\/chapters"}],"about":[{"href":"https:\/\/courses.lumenlearning.com\/suny-clinton-financialaccounting\/wp-json\/wp\/v2\/types\/chapter"}],"author":[{"embeddable":true,"href":"https:\/\/courses.lumenlearning.com\/suny-clinton-financialaccounting\/wp-json\/wp\/v2\/users\/90270"}],"version-history":[{"count":10,"href":"https:\/\/courses.lumenlearning.com\/suny-clinton-financialaccounting\/wp-json\/pressbooks\/v2\/chapters\/3646\/revisions"}],"predecessor-version":[{"id":6584,"href":"https:\/\/courses.lumenlearning.com\/suny-clinton-financialaccounting\/wp-json\/pressbooks\/v2\/chapters\/3646\/revisions\/6584"}],"part":[{"href":"https:\/\/courses.lumenlearning.com\/suny-clinton-financialaccounting\/wp-json\/pressbooks\/v2\/parts\/766"}],"metadata":[{"href":"https:\/\/courses.lumenlearning.com\/suny-clinton-financialaccounting\/wp-json\/pressbooks\/v2\/chapters\/3646\/metadata\/"}],"wp:attachment":[{"href":"https:\/\/courses.lumenlearning.com\/suny-clinton-financialaccounting\/wp-json\/wp\/v2\/media?parent=3646"}],"wp:term":[{"taxonomy":"chapter-type","embeddable":true,"href":"https:\/\/courses.lumenlearning.com\/suny-clinton-financialaccounting\/wp-json\/pressbooks\/v2\/chapter-type?post=3646"},{"taxonomy":"contributor","embeddable":true,"href":"https:\/\/courses.lumenlearning.com\/suny-clinton-financialaccounting\/wp-json\/wp\/v2\/contributor?post=3646"},{"taxonomy":"license","embeddable":true,"href":"https:\/\/courses.lumenlearning.com\/suny-clinton-financialaccounting\/wp-json\/wp\/v2\/license?post=3646"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}