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.

---

Definitions:

Interacts

The act of two or more entities engaging with one another, affecting each other's behavior or state.

Others

Generally refers to other individuals or entities aside from the one(s) being primarily considered or discussed.

Neuroticism

Personality trait characterized by anxiety, fear, moodiness, worry, envy, frustration, jealousy, and loneliness.

Openness

Refers to one's willingness to consider new ideas, be open to diverse experiences, and exhibit transparency in thoughts and actions.