When a Company Discards Machinery That Is Fully Depreciated, This

question 117

Multiple Choice

When a company discards machinery that is fully depreciated, this transaction would be recorded as a

• A) debit to Accumulated Depreciation and credit to Machinery
• B) debit to Machinery and a credit to Accumulated Depreciation
• C) debit to Cash and a credit to Accumulated Depreciation
• D) debit to Depreciation Expense and a credit Accumulated Depreciation

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Definitions:

Elliot Aronson

An influential psychologist known for his research on social influence, group dynamics, and the theory of cognitive dissonance.

Theory of Planned Behavior

A psychological theory that links one's beliefs and attitudes towards behaviors to their actual behavioral intentions and actions.

Theory of Reasoned Action

A theory that suggests individuals' behavioral intentions are shaped by their attitudes toward the behavior and subjective norms surrounding it.

Ajzen

Refers to Icek Ajzen, a prominent psychologist known for his work on the Theory of Planned Behavior, which explains how attitudes, subjective norms, and perceived control over behavior influence intentions and actions.