Elance Exams Answers PDF file

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Download PDF file of elance Zoho Creator Exam Answers
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Which of the following journals entries correctly records the disposal of a fully depreciated piece of machinery from which no proceeds were received?

Debit Accumulated Depreciation Credit Machinery & Equipment
Debit Machinery & Equipment Credit Accumulated Depreciation
Debit Cash Debit Accumulated Depreciation Debit Loss on asset disposal Credit Machinery & Equipment
Debit Cash Debit Accumulated Depreciation Credit Gain on asset disposal Credit Machinery & Equipment
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