Terrence Manufacturing Pays $5,000 to Replace the Manual Control System

question 99

Multiple Choice

Terrence Manufacturing pays $5,000 to replace the manual control system on one of its machines with an automated system.The machine is expected to be more productive as a result.How would the company record this transaction?

• A)Debit Machinery for $5,000 and credit Cash for $5,000.
• B)Debit Repairs Expense for $5,000 and credit Cash for $5,000.
• C)Debit Betterment Expense for $5,000 and credit Cash for $5,000.
• D)Debit Extraordinary Repair Expense for $5,000 and credit Cash for $5,000.
• E)Debit Depreciation Expense for $5,000 and credit Cash for $5,000.

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Definitions:

Deep Learning

A subset of machine learning that involves algorithms inspired by the structure and function of the brain's neural networks to learn from large amounts of data.

Supervised Learning

A type of machine learning where a model is trained on a labeled dataset, meaning each training example is paired with an output label.

Machine Learning

A branch of artificial intelligence focused on building systems that learn from and make decisions based on data.

Hardware

The physical components of a computer system, such as the processor, memory modules, and input/output devices.