Grove Corp

question 80

Multiple Choice

Grove Corp.purchased equipment at a cost of $260,000 in January,2010.As of January 1,2014,depreciation of $88,000 had been recorded on this asset.Depreciation expense for 2014 is $22,000.After the adjustments are recorded and posted at December 31,2014,what are the balances for the Depreciation Expense and Accumulated Depreciation? Depreciation Expense Accumulated Depreciation

• A)$ 22,000 $ 110,000
• B)$ 22,000 $ 88,000
• C)$ 110,000 $ 110,000
• D)$ 110,000 $ 88,000

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Definitions:

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