Big Rig Delivery Service Has the Following Plant Assets: Communications

question 220

Multiple Choice

Big Rig Delivery Service has the following plant assets: Communications Equipment: Cost,$3,840 with useful life of 8 years; Delivery Equipment: Cost,$17,712 with useful life of 12 years; and Computer: Cost,$12,960 with useful life of 4 years.Assume the residual value of all the assets is zero and the straight-line method is used. Big Rig's monthly depreciation journal entry will include a ________.

• A) debit to Depreciation Expense - Equipment of $5,196
• B) credit to Depreciation Expense - Equipment of $5,196
• C) debit to Accumulated Depreciation - Equipment of $433
• D) credit to Accumulated Depreciation - Equipment of $433

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Definitions:

Sensing

A cognitive process that involves perceiving or taking in information through the senses.

Thinking

The process of using one's mind to consider or reason about something, involving cognition, problem-solving, and decision-making.

Feeling

A subjective, emotional state or reaction that something is experienced through the senses or emotions.

Affiliative Humor

Affiliative humor is a type of humor that focuses on creating and reinforcing social bonds through jokes and funny stories that are agreeable to all parties involved.