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Multiple Choice =+B6+B7/B8 =+(B6B7)/B8 =+(B6+B7)/B8 =+B6B7/B8 c D 1 2 3 4 5 6 7 8 9 10 11 12 E ui ment Jan. 1

image text in transcribed Multiple Choice =+B6+B7/B8 =+(B6B7)/B8 =+(B6+B7)/B8 =+B6B7/B8

c D 1 2 3 4 5 6 7 8 9 10 11 12 E ui ment Jan. 1 Cost Salvage value Estimated useful life (Years 20,000 $20,000 $2,000 6 Purchased equi ment on Janua Years 1 of the current ear Amount of straight-line depreciation reported on the December 31 income statement Amount of Accumulated Depreciation reported on the December 31 balance sheet Book value of Equipment reported on the December 31 balance sheet Which formula in cell BII correctly calculates the amount of Accumulated Depreciation - Equipment reported on the December 31 balance sheet? Multiple Choice O O O O =+B6+B7/B8 =+B6-B7/B8

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