Langley Corporation Replaced an HVAC System for One of Its

question 32

Multiple Choice

Langley Corporation replaced an HVAC system for one of its warehouses in July,2015,at a cost of $350,000.The accountant recording the purchase charged it to repairs and maintenance expense.The error was discovered early in 2017 while reconciling depreciation expense for 2016.The system should last about 7 years with no salvage value.What entry should be made before the 2016 books are closed if the company uses straight-line depreciation?

• A) Accumulated Depreciation 50,000 Retained Earnings-Prior Period Adj. 300,000
• B) HVAC System 400,000
• C) Accumulated Depreciation 75,000 Retained Earnings-Prior Period Adj. 325,000
• D) Retained Earnings-Prior Period Adj. 400,000

Analyze the perspectives of free Africans towards Africa by the mid-19th century.

Explain the impact of the Dred Scott decision on the issue of slavery.

Understand Frederick Douglass's position on John Brown's plan and his reasoning.

Describe the development of American identity in the mid-19th century.

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Definitions:

Coelom

Body cavity of an animal; the method by which the coelom is formed (or lack of formation) is an identifying characteristic in animal classification.

Protostomes

A group of animals characterized by the blastopore (the first opening in the developing embryo) becoming the mouth, including groups like mollusks and annelids.

Deuterostomes

A group in the animal kingdom characterized by the development of the anus from the first opening in the embryo, with the mouth developing later.

Embryonic Development

The process through which an embryo forms and develops from fertilization to birth.