Chapter 3, Problem 8QS

To determine

Concept Introduction:

Accumulated Depreciation: Accumulated depreciation shows the sum total of depreciation on assets till date. The carrying value of an asset is derived by deducting the accumulated depreciation from the historical or purchased value of the asset. The balance of accumulated depreciation account is reflected on the assets side with credit balance.

To Prepare: The necessary depreciation entry in accumulated depreciation account depending on the question