On a Worksheet, the Accumulated Depreciation Account Has a Balance

question 26

Multiple Choice

On a worksheet, the Accumulated Depreciation account has a balance of $50 000 on the trial balance. An adjustment is made to increase Depreciation Expense by $5 000. The balance of Accumulated Depreciation in the adjusted trial balance is:

• A)a credit balance of $55 000.
• B)a debit balance of $45 000.
• C)a credit balance of $45 000.
• D)a debit balance of $55 000.

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Definitions:

Productive Capabilities

The capacity of a system, entity, or resource to produce goods or services of value, often influenced by technological, human, and physical resources.

Depreciation Rate

The percentage at which an asset's value decreases over time.

Straight-Line Rate

A fixed percentage used in the straight-line method of depreciation, representing how much of an asset's value is depreciated each year.

Asset's Book Value

The value of an asset as it appears on the balance sheet, calculated by subtracting accumulated depreciation from the asset's original cost.