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When a Company Discards Machinery That Is Fully Depreciated, This

Question 134

Multiple Choice

When a company discards machinery that is fully depreciated, this transaction would be recorded with the following entry


A) debit Accumulated Depreciation; credit Machinery
B) debit Machinery; credit Accumulated Depreciation
C) debit Cash; credit Accumulated Depreciation
D) debit Depreciation Expense; credit Accumulated Depreciation

Correct Answer:

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