Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1 Help please I need this answer and I only have 1 hour please A business owns Computers which cost $45,000. They are expected to

1 Help please I need this answer and I only have 1 hour please

image text in transcribed
A business owns Computers which cost $45,000. They are expected to be used for 4 years after which they are expected to be sold for $5,000. Which of the following is the correct journal entry to record depreciation for 1 year? Select one: O a. Cr Depreciation expense $12,500 and Dr Accumulated Depreciation $12,500 b. Cr Depreciation expense $10,000 and Dr Accumulated Depreciation $10,000 c. Dr Depreciation expense $11.250 and Cr Accumulated Depreciation $11,250 d. Dr Depreciation expense $10,000 and Cr Accumulated Depreciation $10,000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting

Authors: Charles T. Horngren, Walter T. Harrison

7th Edition

0132439603, 9780132439602

More Books

Students also viewed these Accounting questions