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StartupCo's Balance Sheet for 20X0 is shown below. During 20X1 it notes wear of its PPE of 10. Assuming nothing else happens in 20x1, which
StartupCo's Balance Sheet for 20X0 is shown below. During 20X1 it notes wear of its PPE of 10. Assuming nothing else happens in 20x1, which Balance Sheet is correct for 20X1? 75 Balance Sheet as of 12/31/20x0 Current Assets net PPE Total Assets Total Liabilities Equity 100 175 110 65 Balance Sheet as of 12/31/20X1 Current Assets PPE - Accumulated Depreciation 75 100 -10 net PPE 90 165 Total Assets Total Liabilities Equity 110 55 Balance Sheet as of 12/31/20X1 Current Assets net PPE Total Assets Total Liabilities Equity 65 90 155 100 55 Balance Sheet as of 12/31/20X1 Current Assets net PPE Total Assets Total Liabilities Equity 75 90 165 110 55
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