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H3Ko H3Ko
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Ariel Tax Planning Service has the following plant assets: Communications equipment: Cost, $8,640 with useful life of 8 years; Furniture: Cost, $18,000 with useful life of 12 years; and Computer: Cost, $13,440 with useful life of 4 years. Assume the residual value of all the assets is zero and the straight-line method is used.

Ariel's monthly depreciation journal entry will include a ________.
A) debit to Depreciation Expense of $5,940
B) credit to Accumulated Depreciation of $495
C) debit to Accumulated Depreciation of $495
D) credit to Depreciation Expense of $5,940
Textbook 
Horngren's Financial & Managerial Accounting, The Financial Chapters

Horngren's Financial & Managerial Accounting, The Financial Chapters


Edition: 5th
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H3Ko Author
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7 years ago
Really appreciate your help. Sorry for taking so long to thank you, you deserve the recognition.
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