10.) Dagohoy purchased an Equipment costing 100,000 on July 1, 2020. Useful life is10 years with salvage value of 10,000. Accumulated depreciation as of at the end ofthe year 2021 (As of December 31,2021) will be?A 5000B 13500C 4500D 15000 9) Carlos Company paid Four months' rent on December 1 and debited rent expensefor 80,000. On December 31, Carlos shouldA. credit prepaid rent 20,000B. debit prepaid rent 20,000C. credit 60,000 rent expenseD. credit rent expense 20,000

Depreciation expense for 2020 = [(100,000 - 10,000) / 10 years] x 6/12 = 4,500 Depreciation…

Answered: 10.) Dagohoy purchased an Equipment…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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*attached is the problem REQUIRED: choose the letter What is the interest expense for 2020? a. 200,000b. 115,200c. 106,720d. 0 What is the depreciation for 2020? a. 135,200b. 115,200c. 67,600d. 20,000
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10.) Dagohoy purchased an Equipment costing 100,000 on July 1, 2020. Useful life is 10 years with salvage value of 10,000. Accumulated depreciation as of at the end of the year 2021 (As of December 31,2021) will be? A 5000 B 13500 C 4500 D 15000