Zuhoor Muscat Company purchased an equipment for RO 5,400. It depreciates this equipment at the rate of RO 1,800 per year. The necessary adjusting entry to be prepared at the end of six months period will be: O a. None of the options are correct. O b. Debit to Equipment expense and credit to Depreciation for RO 1,800. Oc Debit to Depreciation expense and credit to accumulated depreciation for RO 900. O d. Debit to Depreciation expense and credit to accumulated depreciation for RO 450. O e. Debit to Equipment and credit to Cash for RO 5,400.

Zuhoor Muscat Company purchased an equipment for RO 5,400. It depreciates this equipment at the rate of RO 1,800 per year. The necessary adjusting entry to be prepared at the end of six months period will be: O a. None of the options are correct. O b. Debit to Equipment expense and credit to Depreciation for RO 1,800. Oc Debit to Depreciation expense and credit to accumulated depreciation for RO 900. O d. Debit to Depreciation expense and credit to accumulated depreciation for RO 450. O e. Debit to Equipment and credit to Cash for RO 5,400.

Name: Zuhoor Muscat Company purchased an equipment for RO 5,400. It depreci
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Description: Zuhoor Muscat Company purchased an equipment for RO 5,400. It depreciates this equipment at the rate of RO 1,800 per year. The necessaryadjusting entry to be prepared at the end of six months period will be:InOa.None of the options are correct.O b.

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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