Use the Information Above to Answer the Following Question

question 21

Multiple Choice

Use the information above to answer the following question.If the company sells the machine at the end of 5 years and receives $11,500,the journal entry to record the sale will include which of the following?

• A) Debit to Accumulated Depreciation for $138,000
• B) Credit to Machine for $138,000
• C) Debit to Loss on Sale for $500
• D) Credit to Residual Value for $12,000

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Definitions:

Cell Metabolism

The complex set of chemical reactions that occur within a cell to maintain life, involving the breakdown of molecules to generate energy and the synthesis of all compounds necessary for cell structure and function.

Fluid-Mosaic Model

The fluid-mosaic model describes the structure of cell membranes as a mosaic of components, including proteins, lipids, and carbohydrates, that gives the membrane a fluid character.

Phospholipids

A class of lipids forming the major component of cell membranes, consisting of a phosphate group, a glycerol backbone, and two fatty acid tails.

Plasma Membrane

A membrane made of two layers of lipids encircles the cell, managing how substances move into and out of it.