Question 2 (1 point) Equipment costing $12,000 had a useful life of five years. The adjusting entry to record the depreciation for one month would consist of Dr. Accumulated Depreciation-Equipment 200 Cr. Depreciation Expense 200 Dr. Depreciation Expense 200 Cr. Accumulated Depreciation-Equipment 200 Dr. Depreciation Expense 2,400 Cr. Equipment 2,400 Dr. Depreciation Expense 200 Cr. Equipment 200

Equipment costing $12,000 had a useful life of five years. The adjusting entry to record the depreciation for one month would consist of Dr. Accumulated Depreciation-Equipment 200 Cr. Depreciation Expense 200 Dr. Depreciation Expense 200 Cr. Accumulated Depreciation-Equipment 200 Dr. Depreciation Expense 2,400 Cr. Equipment 2,400 Dr. Depreciation Expense 200 Cr. Equipment 200