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What would be included in a related adjusting entry

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Question - On December? 31, 2021, Plattsville Plastics recently decided to dispose of an extrusion machine. The original cost was? $461,000 and accumulated depreciation was? $310,389. On December? 31, 2021, the fair value of the machine was determined to be? $110,000. On December? 31, 2022, the fair value of the machine was determined to be? $164,000. What would be included in a related adjusting entry on December? 31, 2022?

A. credit Gain on Machine Held for Disposal for? $164,000

B. credit Gain on Machine Held for Disposal for? $54,000

C. credit Gain on Machine Held for Disposal for? $40,611

D. No adjusting entry is required.

Reference no: EM133088675

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