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Question
When a company sells machinery at a price equal to its book value, this transaction would be journalized as a
a. debit to Cash and Accumulated Depreciation and a credit to Machinery
b. debit to Machinery and a credit to Cash and Accumulated Depreciation
c. debit to Cash and Machinery and a credit to Accumulated Depreciation
d. debit to Cash and Depreciation Expense and a credit to Accumulated Depreciation
Answer
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