Ariel Tax Planning Service Has the Following Plant Assets: Communications

question 151

Multiple Choice

Ariel Tax Planning Service has the following plant assets: Communications equipment: Cost,$9,600 with useful life of 8 years;Furniture: Cost,$17,712 with useful life of 12 years;and Computer: Cost,$14,400 with useful life of 4 years.Assume the residual value of all the assets is zero and the straight-line method is used.
Ariel's monthly depreciation journal entry will include a ________.

• A)debit to Depreciation Expense of $6,276
• B)credit to Depreciation Expense of $6,276
• C)debit to Accumulated Depreciation of $523
• D)credit to Accumulated Depreciation of $523

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Definitions:

Sphenoidal Fontanel

An area on the skull where bones have not yet fused, specifically located at the junction of the sphenoid, temporal, and parietal bones; often closes early in life and may not be present in all individuals.

Fetal Skull

The bony structure forming the head of the fetus, comprising several soft spots (fontanelles) that allow for growth and flexibility during birth.

Maxillae

Paired bones forming the upper jaw and part of the facial skeleton, involved in the formation of the mouth, nose, and orbits.

Mandible

The bottom jawbone, known as the most substantial and robust bone in the human facial structure.