Previous Page Next Page Page 30 of 30 Question 27 (2.5 points) Miflin Company discarded a piece of machinery it is no longer using. The machine originally cost $75,000. Accumulated depreciation of $70,000 had been recorded through the date of sale. The journal entry to record the disposal includes a credit to: Accumulated Depreciation for $70,000 Loss on Disposal of Machinery for $5,000. O Machinery for $75,000. Depreciation Expense for $5,000