Martinez Owns Machinery That Cost $87,000 with Accumulated Depreciation of $40,000.The

question 149

Multiple Choice

Martinez owns machinery that cost $87,000 with accumulated depreciation of $40,000.The company sells the machinery for cash of $42,000.The journal entry to record the sale would include:

• A)A credit to Accumulated Depreciation of $40,000.
• B)A credit to Gain on Sale of $2,000.
• C)A credit to Machinery of $47,000.
• D)A debit to Cash of $42,000.
• E)A debit to Accumulated Depreciation of $47,000.

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Definitions:

Social Experiences

Interactions with others that influence an individual's behavior, beliefs, and feelings.

Genotypic Characteristics

Describes the genetic makeup of an organism and how these genes express themselves in physical and behavioral traits.

Teratogens

Agents, such as chemicals or viruses, that can cause congenital anomalies or developmental disorders in a developing fetus.

Birth Defect

A physical or biochemical abnormality that is present at birth and may cause physical or mental disabilities.