QUESTION 10

1. A machine was purchased on January 1, 2016 at a cost of $90,000. It has a 10-year useful life and no salvage value. The correct adjusting entry to record the depreciation for the equipment on December 31, 2018 is:

   	A.	Depreciation Expense $18,000 Accumulated Depreciation $18,000
   	B.	Depreciation Expense $9,000 Accumulated Depreciation $9,000
   	C.	Depreciation Expense $9,000 Equipment $9,000
   	D.	Depreciation Expense $18,000 Accumulated Depreciation $9,000 Equipment $9,000
   	E.	Accumulated Depreciation $4,500 Equipment $4,500