Income Taxes Payable was credited for $7,500 in the entry when Antonio Company recorded payroll. When Antonio Company records employer's payroll taxes, Income Taxes Payable should be credited for: Select one: a. $15,000. b. $0. c. Some other amount. d. $7,500. Flag question Bart Company purchased equipment on January 1, 2016, at a total cost of $400,000. The equipment has an estimated salvage value of $10,000 and an estimated useful life of 5 years. If the straight-line method of depreciation is used, the amount of accumulated depreciation at December 31, 2017, is: Select one: a. $156,000. b. $160,000 c. $78,000 d. $80,000 To be classified as a current liability, a debt must be expected to be paid within: Select one: a. 2 years. b. after three months c. one year. d. the first six months All of the following are reported as current liabilities except Select one: a. unearned revenues. b. notes payable. C. accounts payable. d. bonds payable. Income Taxes Payable was credited for $7,500 in the entry when Antonio Company recorded payroll. When Antonio Company records employer's payroll taxes, Income Taxes Payable should be credited for: Select one: a. $15,000. b. $0. c. Some other amount. d. $7,500. Bart Company purchased equipment on January 1, 2016, at a total cost of $400,000. The equipment has an estimated salvage value of $10,000 and an estimated useful life of 5 years. If the straight-line method of depreciation is used, the amount of accumulated depreciation at December 31, 2017, is: Select one: a. $156,000. b. $160,000 c. $78,000. d. $80,000