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:

Person Analysis

The process of assessing individual employees to identify their development needs, strengths, and areas for improvement in the context of their roles.

Cognitive Task Analysis

A method used to break down and examine the mental processes involved in task performance, aiming to understand and improve it.

Interviews And Surveys

Methods of collecting qualitative and quantitative data by asking individuals questions either in-person, over the phone, or through written questionnaires.

Needs Analysis

A process used to identify gaps between current capabilities and desired outcomes, often used in business and educational contexts to guide training and development initiatives.