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Which would be part of the journal entry to record the sale

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Question 1: Assume that a machine with a cost of $3,000 has accumulated depreciation of $1,500. It was sold for $1,800. Which of the following would be part of the journal entry to record this sale?

a. credit Accumulated Depreciation for $1,500

b. credit the Machine account for $1,500

c. credit Loss on Disposal for $300

d. credit Gain on Disposal for $300

Reference no: EM132494472

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