Question
As of January 1, Year9, depreciation of $80,000 had been recorded on this asset (over its life-to-date). Depreciation expense for Year9 is $15,000. This content
As of January 1, Year9, depreciation of $80,000 had been recorded on this asset (over its life-to-date). Depreciation expense for Year9 is $15,000.
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After the adjustments are recorded and posted at December 31, Year9, what are the balances for the Equipment and Accumulated Depreciation (answers are in that order)?
| A. | $140,000, $95,000 | |
| B. | $140,000, $15,000 | |
| C. | $ 60,000, $15,000 | |
| D. | $ 80,000, $15,000 | |
| E. | $80,000, $80,000 |
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Intermediate Accounting
Authors: Loren A Nikolai, D. Bazley and Jefferson P. Jones
10th Edition
324300980, 978-0324300987
