Question
Company A began operation on January 1, 2005. On December 31,2005, purchased equipment for $100,000 to be used in operations. Company A decides to use
Company A began operation on January 1, 2005. On December 31,2005, purchased equipment for $100,000 to be used in operations. Company A decides to use straight line depreciation for its equipment. The associated adjusting entry necessary for the year ended December, 31, 2005 includes:
debit to ( ) of ( ) and credit to ( ) of ( ) or no entry needed
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Intermediate accounting
Authors: J. David Spiceland, James Sepe, Mark Nelson
7th edition
978-0077614041, 9780077446475, 77614046, 007744647X, 77647092, 978-0077647094
