When a Company Discards Machinery That Is Fully Depreciated,how Would

question 81

Multiple Choice

When a company discards machinery that is fully depreciated,how would this transaction affect the company's accounts?

• A)Decrease Accumulated Depreciation;decrease Machinery
• B)Increase Machinery;increase Accumulated Depreciation
• C)Increase Cash;increase Accumulated Depreciation
• D)Increase Depreciation Expense;increase Accumulated Depreciation

---

Definitions:

Peter Drucker

A renowned management consultant, educator, and author, considered one of the founding figures of modern business management.

Individual Retirement Accounts (IRAs)

Tax-advantaged investing tools that individuals use to earmark funds for retirement savings.

Tax-exempt Contributions

Donations made to qualifying organizations that can be deducted from taxable income because the recipient is exempt from taxes.

Pool of Applicants

A collection of candidates from which employers can select to fill job positions.