A company purchased a machine for $200,000. The accumulated depreciation on the machine is now $130,000. The machine is junked. Which journal entry is prepared to record the disposal?
A) debit Loss on Disposal of Machine for $70,000, debit Accumulated Depreciation - Machine $70,000 and credit Machine for $140,000
B) debit Accumulated Depreciation - Machine for $130,000 and credit Machine for $130,000
C) debit Accumulated Depreciation - Machine for $200,000, credit Machine for $130,000 and credit Gain on Disposal of Machine for $70,000
D) debit Loss on Disposal of Machine for $70,000, debit Accumulated Depreciation - Machine for $130,000 and credit Machine for $200,000
D
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Jones & Company, a major retail chain across the United States, offers a wide range of consumer goods such as clothing, furniture, home appliances, cosmetics, jewelry, and food. Jones & Company is best described as a ________
A) supermarket B) department store C) specialty store D) pop-up store E) category killer
A data warehouse is created within an organization as a separate data store whose primary purpose is data analysis
Indicate whether the statement is true or false