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Piano Dynamics Inc. is making an adjusting journal entry on December 31, 2019, for depreciation expense of $4,250 on a specialized warehouse forklift. The forklift
Piano Dynamics Inc. is making an adjusting journal entry on December 31, 2019, for depreciation expense of $4,250 on a specialized warehouse forklift. The forklift cost is in the Warehouse Equipment account and the asset's book value after the adjusting entry will be $53,200. The proper form of the adjusting journal entry for the forklift is Select one: a. 12/31 Warehouse Equipment 4,250 Depreciation Expense 4,250 b. 4,250 12/31 Depreciation Expense Accumulated Depreciation - Warehouse Equipment 4,250 C. O 4,250 53,400 12/31 Depreciation Expense Warehouse Equipment Accumulated Depreciation - Warehouse Equipment Cash 4,250 53,400 d. 4,250 12/31 Depreciation Expense Warehouse Equipment 4,250 e. 12/31 Accumulated Depreciation - Warehouse Equipment 4,250 Warehouse Equipment 4,250
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