When a Company Sells Machinery at a Price Equal to Its

question 34

Multiple Choice

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

• A) Dr Cash and accumulated depreciation\(\quad \) \(\quad \) \(\quad \) Cr Machinery
• B) Dr Machinery\(\quad \) \(\quad \) \(\quad \) \(\quad \) \(\quad \) \(\quad \) \(\quad \) Cr Cash and accumulated depreciation
• C) Dr Cash and machinery\(\quad \) \(\quad \) \(\quad \) \(\quad \) Cr Accumulated depreciation
• D) Dr Cash and depreciation expense\(\quad \) \(\quad \) Cr Accumulated depreciation