A Machine That Cost $10,000 Was Purchased at the Beginning

question 15

Multiple Choice

A machine that cost $10,000 was purchased at the beginning of the current business year.Assuming that an equal amount of amortization will be recorded for each year of the machine's life at $800,the adjusting entry made at the end of the current business year should include which of the following?

• A)an $800 credit to accumulated amortization.
• B)an $800 credit to amortization expense.
• C)a $10,000 credit to accumulated amortization.
• D)a $10,000 credit to amortization expense.

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