When a Company Sells Machinery at a Price Equal to Its

Multiple Choice

When a company sells machinery at a price equal to its book value, this transaction would be recorded with an entry that would include the following:

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