"Purchased an equipment fo P36,000 that has estimated life of 12 years with no salvage value. The entry for depreciation at the end of the year is"

Answers: DR Depreciation Expense 250 CR Equipment 250

"DR Depreciation Expense 3,000 CR Equipment 3,000"

DR Depreciation Expense 250 CR Accumulated Depreciation 250

"DR Depreciation Expense 36,000 CR Accumulated Depreciation 36,000"