Machinery Costing $123,000 with Zero Salvage Value Is No Longer

question 253

Multiple Choice

Machinery costing $123,000 with zero salvage value is no longer useful to the company and has no market value. If the machinery has been fully depreciated at the time of disposal, the entry to record the disposal would be:

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Definitions:

Melanin Pigment

A natural pigment found in most organisms, responsible for hair, skin, and eye color; provides protection against UV radiation.

Choroid

A layer of blood vessels and connective tissue between the sclera and retina in the eye, providing oxygen and nourishment to the outer layers of the retina.

Pigmented Epithelium

Specialized epithelial cells that contain pigment granules, involved in coloration and protection against sunlight, such as those found in the retina.

Lacrimal Puncta

Small openings on the inner sides of the eyelids that drain tears into the lacrimal ducts.