If the estimated amount of depreciation on equip ment for a period is $2,000, the adjusting entry
Question:
If the estimated amount of depreciation on equip¬ ment for a period is $2,000, the adjusting entry to record depreciation would be:
A. debit Depreciation Expense, $2,000; credit Equip¬ ment, $2,000.
B. debit Equipment, $2,000; credit Depreciation Ex¬ pense, $2,000.
C. debit Depreciation Expense, $2,000; credit Accu¬ mulated Depreciation, $2,000.
D. debit Accumulated Depreciation, $2,000; credit Depreciation Expense, $2,000.
AppendixLO1
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answered By
Utsab mitra
I have the expertise to deliver these subjects to college and higher-level students. The services would involve only solving assignments, homework help, and others.
I have experience in delivering these subjects for the last 6 years on a freelancing basis in different companies around the globe. I am CMA certified and CGMA UK. I have professional experience of 18 years in the industry involved in the manufacturing company and IT implementation experience of over 12 years.
I have delivered this help to students effortlessly, which is essential to give the students a good grade in their studies.
2+ Reviews
10+ Question Solved
Related Book For 
Financial Accounting
ISBN: 9780324188035
9th Edition
Authors: Dr Carl S. Warren, Dr James M. Reeve, Philip E. Fess
Question Posted:
