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On January 1, 2020, PT C purchased a car from PT D for IDR 300,000,000 which will be used for office operations. The book value of PT D's car as of January 1 was 250,000,000 and it had been depreciated for 2 years. PT C estimates that the remaining useful lives of these assets will be 5 years. Keep a depreciation journal for 2020 if PT C. uses the declining balance method? a. Dr. Depreciation Expense 120,000,000 Cr. Accumulated Depreciation - 120,000,000 Cars b. Dr. Depreciation Expense 80,000,000 Cr. Accumulated Depreciation - 80,000,000 Cars c. Dr. Depreciation Expense 60,000,000 Cr. Accumulated Depreciation - Cars 60,000,000 d. Dr. Depreciation Expense 50,000,000 Cr. Accumulated Depreciation - 50,000,000 Cars

On January 1, 2020, PT C purchased a car from PT D for IDR 300,000,000 which will be used for office operations. The book value of PT D's car as of January 1 was 250,000,000 and it had been depreciated for 2 years. PT C estimates that the remaining useful lives of these assets will be 5 years. Keep a depreciation journal for 2020 if PT C. uses the declining balance method? a. Dr. Depreciation Expense 120,000,000 Cr. Accumulated Depreciation - 120,000,000 Cars b. Dr. Depreciation Expense 80,000,000 Cr. Accumulated Depreciation - 80,000,000 Cars c. Dr. Depreciation Expense 60,000,000 Cr. Accumulated Depreciation - Cars 60,000,000 d. Dr. Depreciation Expense 50,000,000 Cr. Accumulated Depreciation - 50,000,000 Cars

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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On January 1, 2020, PT C purchased a car from PT D for IDR 300,000,000 which will be used for office operations. The book value of PT D's car as of January 1 was 250,000,000 and it had been depreciated for 2 years. PT C estimates that the remaining useful lives of these assets will be 5 years.

Keep a depreciation journal for 2020 if PT C. uses the declining balance method?
a. Dr. Depreciation Expense 120,000,000 Cr. Accumulated Depreciation - 120,000,000 Cars
b. Dr. Depreciation Expense 80,000,000 Cr. Accumulated Depreciation - 80,000,000 Cars
c. Dr. Depreciation Expense 60,000,000 Cr. Accumulated Depreciation - Cars 60,000,000
d. Dr. Depreciation Expense 50,000,000 Cr. Accumulated Depreciation - 50,000,000 Cars

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Section 179 Deduction and Modified Accelerated Cost Recovery System (MACRS) Depreciation
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