Multiple Choice
When a company discards machinery that is fully depreciated, this transaction have which of the following effect on the company's accounts?
A) decrease Accumulated Depreciation; decrease Machinery
B) increase Machinery; increase Accumulated Depreciation
C) increase Cash; increase Accumulated Depreciation
D) increase Depreciation Expense; increase Accumulated Depreciation
Correct Answer:
Verified
Correct Answer:
Verified
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