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A machine that cost $18,000, with a book value of $4,000, is sold for $3,400. Which of the 9. following is true concerning the journal
A machine that cost $18,000, with a book value of $4,000, is sold for $3,400. Which of the 9. following is true concerning the journal entry to record the sale? a. Accumulated Depreciation is debited for $4,000 b. Machinery is credited for $4,000 c. Loss on sale of machinery is credited for $600 d. Accumulated Depreciation is debited for $14.000 10 Which of the following terms best relates to natural resources? a. Depreciation b. Depletion Amortization d. Accrual
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