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Home Q & A Board Other Fields Homework Help Business Accounting
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Fast2F Fast2F
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6 years ago
The entry to record the payment of an extraordinary repair of $5,000 that will extend the life of the machine 5 years, when the machine cost $30,000, and has accumulated depreciation of $26,000, is to:
A) debit Machinery $5,000; credit Accumulated Depreciation $5,000.
B) debit Accumulated Depreciation $5,000; credit Cash $5,000.
C) debit Machinery $1,000; credit Cash $1,000.
D) debit Accumulated Depreciation $1,000; credit Cash $1,000.
Textbook 
College Accounting: A Practical Approach

College Accounting: A Practical Approach


Edition: 13th
Author:
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AugustisAugustis
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6 years ago
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Fast2F Author
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#2
6 years ago
I’m very happy now Smiling Face with Open Mouth Thank you for the answe
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#3
5 years ago
Happy to help Slight Smile 
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