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Office supplies are purchased with cash at a cost of $250.00.Which of the following represents an accurate record of the transaction? a. credit cash/debit office
Office supplies are purchased with cash at a cost of $250.00.Which of the following represents an accurate record of the transaction? a. credit cash/debit office supplies b. debit cash/credit office supplies c. credit cash/credit office supplies d. debit cash/debit office supplies Using the straight line method, calculate the annual depreciation expense for an asset that cost @25,000 and is expected to be used for 5 years, with a residual value of $2,000. a. $4,000.00 b. $2,000.00 c. $2,300.00 d. $4,6000.00
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