nting - II 202-01 2020-212 General Final Examination ABC Company purchased machinery on January 1, 2019 at a total cost of $38,000. On February 3, 2021, the machinery was sold for $33,900. At the time of the sale, accumulated depreciation of the machinery was $17,200. In recording the sale of the machinery: Select one: a.Accumulated Depreciation is debited for $38,000 b.Accumulated Depreciation is credited for $17,200 c.Accumulated Depreciation is credited for $38,000 d. Accumulated Depreciation is debited for $17,200 Jump to... Next page Next Activity

ABC Company purchased machinery on January 1,2019 at a total cost of $38,000. On February 3,2021 , the machinery was sold for $33,900. At the time of the sale, accumulated depreciation of the machinery was $17,200. In recording the sale of the machinery: Select one: a. Accumulated Depreciation is debited for $38,000 b. Accumulated Depreciation is credited for $17,200 c. Accumulated Depreciation is credited for $38,000 d. Accumulated Depreciation is debited for $17,200