Pecos Yo Company purchased a machine for $100,000 in cash on August 1 of Year 1. The machine has an estimated useful life of 10 years and an estimated salvage value of $10,000. Pecos Yo Company uses the straight-line method for computing depreciation expense.
Which ONE of the following is included in the journal entry necessary to record depreciation expense on the machine for Year 2?
a. CREDIT to Accumulated Depreciation for $18,000
b. CREDIT to Accumulated Depreciation for $5,250
c. CREDIT to Accumulated Depreciation for $14,750
d. CREDIT to Accumulated Depreciation for $12,750
e. CREDIT to Accumulated Depreciation for $9,000
Answers: 3
Other questions on the subject: Business
Business, 22.06.2019 11:00, cranfordjacori
The role of the credit department includes: a. evaluating customers' credit applications to determine whether they meet the company's approval standards. b. approving all credit applications in order to avoid losing sales. c. collecting cash from customers. d. following unwritten approval standards for processing customers' credit applications.
Answers: 2
Business, 22.06.2019 19:00, chrisroman152
20. to add body to a hearty broth, you may use a. onions. b. pasta. c. cheese. d. water.
Answers: 2
Business, 22.06.2019 20:30, alyssanewsome
The research of robert siegler and eric jenkins on the development of the counting-on strategy is an example of design.
Answers: 3
Do you know the correct answer?
Pecos Yo Company purchased a machine for $100,000 in cash on August 1 of Year 1. The machine has an...
Questions in other subjects:
Mathematics, 02.03.2020 23:59
History, 02.03.2020 23:59
English, 02.03.2020 23:59
Mathematics, 02.03.2020 23:59
