Calculator When a company discards machinery that is fully depreciated, this transaction would be recorded...
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Accounting
Calculator When a company discards machinery that is fully depreciated, this transaction would be recorded with the following entry Odebit Depreciation Expense; credit Accumulated Depreciation Odebit Accumulated Depreciation; credit Machinery Odebit Cash; credit Accumulated Depreciation Odebit Machinery; credit Accumulated Depreciation
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You can see the logs in the Dashboard.