The Rose Bakery Purchased a Computer for $4,000 on December

question 23

Multiple Choice

The Rose Bakery purchased a computer for $4,000 on December 1.It is estimated that annual depreciation on the computer will be $800.If financial statements are to be prepared on December 31, the company should make the following adjusting entry:

• A)Debit Depreciation Expense, $800; Credit Accumulated Depreciation, $800.
• B)Debit Depreciation Expense, $67; Credit Accumulated Depreciation, $567.
• C)Debit Depreciation Expense, $3,200; Credit Accumulated Depreciation, $3,200.
• D)Debit Office Equipment, $4,800; Credit Accumulated Depreciation, $4,800.

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Definitions:

Native American Land

Land historically occupied or used by Indigenous peoples of the Americas, often subject to disputes and treaties over sovereignty and rights.

Seventeenth Century

refers to the period from 1601 to 1700 in the Gregorian calendar, marked by significant cultural, political, and scientific developments.

Jamestown Colony

The first permanent English settlement in North America, established in 1607 in present-day Virginia.

John Smith

An English soldier, explorer, colonial governor, and one of the founding leaders of the Jamestown colony in Virginia in the early 17th century.