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what is the anwer? 47) After the adjustment for depreciation has been made, the original cost of the equipment Al increases with a credit Bj

what is the anwer?

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47) After the adjustment for depreciation has been made, the original cost of the equipment Al increases with a credit Bj decreases with a debit. ( remains the same. D) None of these answers are correct. 48) The adjustment that is made to allocate the cost of a building over its expected life is called A) depreciation D) residual value. C) accumulated depreciation DJ None of these answers are correct. 49) Mall's Engineering purchased a truck for 560,000 with a residual value of $17,000 and a life expectancy of 5 years, Using straight-line depreciation, the amount of the depreciation adjustment for the first year would be A) 55.375. B) 57,500 C) $2,647. 13) 52, 125. 50) Which of the following would be an example of a contra-aseat? A) Depreciation Expanse B) Residual Value ( Accumulated Depreciation D) Supplies 51) Residual value is the A) estimated value of the asset when it is purchased. BJ estimated value of the asset at the end of its useful life. O cool of the asset. DJ allocation of the cost. 52] The estimated value of an item at the end of its useful life is A) depreciation expense Bj residual value. C) accumulated depreciation. D) None of these answers are correct

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