Question: On December 3 1 , 2 0 2 1 , Plattsville Plastics recently decided to dispose of an extrusion machine. Th determined to be $

On December 31,2021, Plattsville Plastics recently decided to dispose of an extrusion machine. Th determined to be $111,000. On December 31,2022, the fair value of the machine was determined
A. credit Gain on Machine Held for Disposal for $38,716
B. credit Gain on Machine Held for Disposal for $166,000
C. credit Gain on Machine Held for Disposal for $55,000
D. No adjusting entry is required.
On December 3 1 , 2 0 2 1 , Plattsville Plastics

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