When a Company Sells Machinery at a Price Equal to Its

question 112

Multiple Choice

When a company sells machinery at a price equal to its book value, this transaction would be recorded with an entry that would include the following:

• A) debit Cash and Accumulated Depreciation; credit Machinery
• B) debit Machinery; credit Cash and Accumulated Depreciation
• C) debit Cash and Machinery; credit Accumulated Depreciation
• D) debit Cash and Depreciation Expense; credit Accumulated Depreciation

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Definitions:

Telemetry Data

This entails the collection and wireless transmission of data from remote or inaccessible sources to an IT system for monitoring and analysis.

Active Sensors

Sensors that require an external power source to operate and can actively gather data about the environment.

Supply Chain Reaction Times

The time it takes for the elements within a supply chain to respond to changes in demand, supply, or other external factors.

Closed-Loop Systems

Systems designed to recycle or reuse resources or materials, minimizing waste and potentially returning them back into the supply cycle.