Equipment with a Residual Value of $50,000 at the End

question 160

Multiple Choice

Equipment with a residual value of $50,000 at the end of 10 years was acquired at the beginning of 2019 for $500,000. Assuming the use of the straight-line depreciation method, the journal entry to record depreciation expense for 2021 will have a debit to

• A)Depreciation Expense and a credit to Accumulated Depreciation for $50,000.
• B)Accumulated Depreciation and a credit to Equipment for $50,000.
• C)Depreciation Expense and a credit to Equipment for $45,000.
• D)Depreciation Expense and a credit to Accumulated Depreciation for $45,000.

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Definitions:

Stage 1

Typically refers to the initial phase of a condition or disease, where symptoms may be minimal or not yet fully developed.

Amniotomy

A medical procedure where the amniotic sac is intentionally ruptured to induce or expedite labor.

Cervical Progression

The process of the cervix dilating and effacing (thinning) during labor, necessary for vaginal delivery.