When a Company Discards Machinery That Is Fully Depreciated, This

question 10

Multiple Choice

When a company discards machinery that is fully depreciated, this transaction will be recorded with which of the following entries?

• A) DR Accumulated depreciation
• CR Machinery
• B) DR Machinery
• CR Accumulated depreciation
• C) DR Cash
• CR Accumulated depreciation
• D) DR Depreciation expense
• CR Accumulated depreciation

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Definitions:

NASW Code

The National Association of Social Workers Code of Ethics, a guide for professional conduct in social work.

Policy Evolution

The process by which policies may be modified, adapted, or changed over time to address new challenges or conditions.

Ideal State

A conceptual framework referring to a condition of perfection or optimal functioning within a society or system.

Wastage

The unnecessary or inefficient use of resources, resulting in their loss, depletion, or misuse.