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Before the20X1 books are closed, you discover that my January 2,20X1, when a new machine was purchased for $20,000, the $20,000 was debited to machinery
Before the20X1 books are closed, you discover that my January 2,20X1, when a new machine was purchased for $20,000, the $20,000 was debited to machinery maintenance expense. The new machine, which is being depreciated under the straight-line method, has a 10 year life I know estimated salvage value. However because of the ever no depreciation was recorded for the year.The error is likely to be discovered because..... A. Inspection of the trial balance with revealed machinery how to balance that was not normal B. Inspection of the trial balance would reveal machinery maintenance expense had an unusually large balance C. Inspection of the trial balance would reveal no depreciation expense D. None of the above
The error is likely to be discovered because.....
A. Inspection of the trial balance with revealed machinery how to balance that was not normal
B. Inspection of the trial balance would reveal machinery maintenance expense had an unusually large balance
C. Inspection of the trial balance would reveal no depreciation expense
D. None of the above
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