Which of the Following Items Is Included in the Journal

question 88

Multiple Choice

Which of the following items is included in the journal entry if a company sells equipment at a price equal to its book value?

• A) A debit to Loss on sale of equipment
• B) A credit to Equipment for its original cost
• C) A credit to Accumulated depreciation
• D) A debit to Equipment for its book value

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Definitions:

Biological Inheritance

The process whereby genetic information is transmitted from parent to offspring, dictating traits and characteristics.

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These are scientists who study how and why human beings change over the course of their life.

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A person’s ability to recover from or adapt to difficult times.

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The period in an individual's life after they have passed through adolescence, typically marked by full physical development and legal recognition as an age of responsibility and independence.