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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

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

FINANCIAL ACCOUNTING
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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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
Transcribed Image Text: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
9) Carlos Company paid Four months' rent on December 1 and debited rent expense for 80,000. On December 31, Carlos should A. credit prepaid rent 20,000 B. debit prepaid rent 20,000 C. credit 60,000 rent expense D. credit rent expense 20,000
Transcribed Image Text:9) Carlos Company paid Four months' rent on December 1 and debited rent expense for 80,000. On December 31, Carlos should A. credit prepaid rent 20,000 B. debit prepaid rent 20,000 C. credit 60,000 rent expense D. credit rent expense 20,000
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