When a company discards machinery that is fully depreciated,this transaction will be recorded with which of the following entries?
A) Dr Accumulated depreciation Cr Machinery
B) Dr Machinery Cr Accumulated depreciation
C) Dr Cash Cr Accumulated depreciation
D) Dr Depreciation expense Cr Accumulated depreciation
Correct Answer:
Verified
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Q29: Equipment with a cost of $15 000
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Q32: Speedy Ltd purchased a delivery truck on
Q33: When the accumulated depreciation is deducted from
Q34: A machine purchased on 1 July 2016
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Q36: When a company sells machinery at
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