Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. company management decided to discard a machine. t

Company management decided to discard a machine. The machine cost $ 250,000, had accumulated depreciation...

90.2K

Verified Solution

Question

Accounting

Company management decided to discard a machine. The machine cost $ 250,000, had accumulated depreciation of $ 250,000, and was scrapped as junk. The machine was depreciated on a straight-line basis, with a useful life of 7 years, and a $ 25,000 salvage value. What journal entry is required to record the disposal of this machine? Multiple Choice Cash $ 25,000 Accumulated Depreciation Machine

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Biology
1.2K views

1. how important are capsules for bacteria to be able to cause disease? 2. why is it...

Chemistry
1.2K views

Draw all the possible isomers for MA4BC

General Management
1.2K views

How 1. Frame organization in terms of goals 2. gain control of organizational resources the use of above...

Geometry
1.2K views

NAME Answer DATE 10 What is the measure of one exterior angle of a regular...

Basic Math
1.2K views

Let f(x) = 3x - 1 and g(x) = 2x. Perform the function operation and...

Algebra
1.2K views

Evaluate the expression, or state that the expression is not a real number.?-1Select the correct...

Algebra
1.2K views

A person s pulse rate is the number of time his or her heart beats...

Algebra
1.2K views

5 Simplify 5 2b ba 2a b A 4b a C 4a b 77 3v...

Accounting
1.2K views

Lynn Company has outstanding 60,000 common shares of $10 par value and 25,000...

Accounting
1.2K views

The distributable net income for the Sampson estate is $30,000 including $4500 of tax exempt...

Accounting
1.2K views

Required information [The following information applies to the questions displayed below] Delph Company uses job-order...

Accounting
1.2K views

An IPO is offered at $4.65 per share for 4 million shares. The IPO underwriters...