Question
McGerald's is a corporation which sells fast food meals. This December, McGerald's recognized 1 year of depreciation on a building which had a total useful
McGerald's is a corporation which sells fast food meals. This December, McGerald's recognized 1 year of depreciation on a building which had a total useful life of 25 years, and which had originally been bought for $655,000, no salvage value, and using the straight-line method.
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A | DR Accumulated Depreciation $26,200 CR Depreciation expense $26,200 |
B | DR Depreciation expense $26,200 CR Accumulated Depreciation $26,200 |
C | DR Depreciation expense $655,000 CR Accumulated Depreciation $655,000 |
D | DR Accumulated Depreciation $655,000 CR Depreciation expense $655,000 |
E | None of the above |
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