When a Company Sells Machinery at a Price Equal to Its

question 216

Multiple Choice

When a company sells machinery at a price equal to its book value, this transaction would be recorded as a

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

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Definitions:

Oligodendrocytes

Glial cells in the central nervous system that produce myelin, a substance that forms a sheath around nerve fibers to facilitate electrical impulse conduction.

Phagocytose Bacteria

The process by which cells, particularly immune cells like macrophages, engulf and digest bacteria.

Astrocytes

Type of glial cell in the brain and spinal cord that performs multiple supportive functions for neurons, including maintaining the blood-brain barrier and regulating neurotransmitter levels.

Microglia

Specialized type of glial cell that acts as the main form of active immune defense in the central nervous system.