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The Journal Entry to Sell Property, Plant, and Equipment for Cash

Question 59

Multiple Choice

The journal entry to sell property, plant, and equipment for cash will always include a:


A) debit to property, plant, and equipment and a credit to Cash
B) debit to Accumulated Depreciation and a credit to Cash
C) debit to Accumulated Depreciation and a debit to property, plant, and equipment
D) debit to Cash and a debit to Accumulated Depreciation

Correct Answer:

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