For Consolidation Purposes, What Net Debit or Credit Will Be

question 61

Multiple Choice

For consolidation purposes, what net debit or credit will be made for the year 2017 relating to the accumulated depreciation for the equipment transfer?

• A) Debit accumulated depreciation, $46,000.
• B) Debit accumulated depreciation, $48,000.
• C) Credit accumulated depreciation, $48,000.
• D) Credit accumulated depreciation, $46,000.
• E) Debit accumulated depreciation, $2,000.

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Definitions:

NaCN

Sodium cyanide, a highly toxic chemical compound used in the extraction of gold and silver from mineral ores.

Bromides

Ionic compounds that contain a bromine ion (Br-) combined with another element or radical.

Reactivity

A measure of how readily a substance undergoes a chemical reaction with other substances.

Primary Iodides

Organic compounds where an iodine atom is bound to a primary carbon, typically involved in nucleophilic substitution reactions.