A Company Purchased a Machine for $200,000

question 39

Multiple Choice

A company purchased a machine for $200,000. The accumulated depreciation on the machine is now $130,000. The machine is junked. Which journal entry is prepared to record the disposal?

• A)debit Loss on Disposal of Machine for $70,000, debit Accumulated Depreciation - Machine $70,000 and credit Machine for $140,000
• B)debit Accumulated Depreciation - Machine for $130,000 and credit Machine for $130,000
• C)debit Accumulated Depreciation - Machine for $200,000, credit Machine for $130,000 and credit Gain on Disposal of Machine for $70,000
• D)debit Loss on Disposal of Machine for $70,000, debit Accumulated Depreciation - Machine for $130,000 and credit Machine for $200,000

Trace the evolution of "feeling rules" across history and their societal implications.

Compare and contrast domination and cooperation within social interactions.

Explain the methodology and significance of breaching experiments in understanding social norms.

Understand how social forces shape emotions and the implications for societal behavior.

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Definitions:

Collaborating Conflict-handling Style

An approach to conflict in which parties involved work together to find a mutually beneficial solution.

Explosive Situation

A highly tense or volatile scenario that is likely to lead to conflict or break down in communication.

Harmony

A state of peaceful understanding and cooperation among individuals or groups, characterized by lack of conflict and mutual compatibility.

Short Run

In the short run, refers to a period of time during which certain conditions or variables are viewed as fixed, often used in economic contexts to analyze immediate effects.