A machine that cost $13,000 and on which $9,300 of accumulated depreciation had been recorded was disposed of for $3,700. The entry to record the disposal of the machine is:
A) Cash 9,300 Machinery 9,300
B) Machinery 13,000 Depreciation Expense-Machinery 13,000
C) Cash 3,700 Accumulated Depreciation-Machinery 9,300Machinery 13,000
D) Accumulated Depreciation-Machinery 9,300 Machinery 9,300
C
You might also like to view...
The high point of U.S. protection culminated with the passage of the
a. Smoot-Hawley Act of 1930. b. General Agreements on Tariffs and Trade in 1947. c. Trade Reduction Act of 1962. d. Adjustment Assistance Act of 1970.
______ is the extent to which one believes that an outcome is the result of one’s own efforts.
A. Equity B. Locus of control C. Ethics D. Situational factors
What links producers to consumers through the purchase and reselling of products or contractual agreements?
A. Marketing intermediaries B. Distributors C. Suppliers D. Middle marketers E. Marketing channels
Weston, Inc., produces widgets. To manufacture a new type of widget, it took 15 iterations before the process reached a steady state of 9 hr. If Weston has a 90% learning rate, use the logarithmic approach to calculate the time it took to manufacture the first widget.
A. 13.58 hr B. 15.45 hr C. 13.38 hr D. 11.51 hr