A Medical Practice That Uses Accrual Accounting and Straight-Line Depreciation

question 25

Multiple Choice

A medical practice that uses accrual accounting and straight-line depreciation of durable equipment bought an examination table for $2000 that will be depreciated over ten years. At the end of its second year, the posting for the annual operating expense related to the examination table will be ____.

• A) $200
• B) $400
• C) $1400
• D) $1600

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