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Title: A machine with a cost of $15,000, a salvage value of $3,000 and expected life of 20 years was ... Post by: tivo on Feb 20, 2017 A machine with a cost of $15,000, a salvage value of $3,000 and expected life of 20 years was purchased on September 1. For a calendar year company, the journal entry to record depreciation expense for the first year would be to:
A) debit Depreciation Expense, $50; credit Accumulated Depreciation, $50. B) debit Depreciation Expense, $250; credit Accumulated Depreciation, $250. C) debit Depreciation Expense, $200; credit Accumulated Depreciation, $200. D) debit Depreciation Expense, $150; credit Accumulated Depreciation, $150. Title: Re: A machine with a cost of $15,000, a salvage value of $3,000 and expected life of 20 years was ... Post by: antonio_john on Feb 20, 2017 Content hidden
Title: Re: A machine with a cost of $15,000, a salvage value of $3,000 and expected life of 20 years was ... Post by: tivo on Apr 10, 2017 I appreciate it once again, answered correctly
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