The Delivery Equipment Account in the Ledger of a Co $\quad\quad\text { Debit } \quad\quad\quad\quad\quad\quad\quad\quad\quad\quad \text { Credit }$

question 33

Short Answer

The Delivery Equipment account in the ledger of A Co has a balance of $17 600 which is the cost of two 2^nd hand trucks purchased on 1 January 2011.The Accumulated Depreciation Delivery Equipment account has a balance on 31 December 2012 of $8000,before adjusting entries.No additional delivery trucks have been acquired or sold.The residual value of each truck is estimated to be $800 and the straight-line depreciation method is used.The necessary adjusting entry to record annual depreciation on 31 December 2013 is: $\quad\quad\text { Debit } \quad\quad\quad\quad\quad\quad\quad\quad\quad\quad \text { Credit }$
a. $\text { Depreciation Exp } \quad\quad \$ 8000 \quad\text { Delivery Equipment } \quad \$ 8000$
b. $\text { Accumulated Deprecn } \$ 4000\quad \text { Delivery Equipment } \quad \$ 4000$
c. $\text { Depreciation Exp } \quad\quad \$ 8000\quad \text { Cash at Bank } \quad\quad\quad\quad \$ 8000$
d. $\text { Depreciation Exp } \quad\quad \$ 4000\quad \text { Accumulated Deprecn } \quad \$ 4000$

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Definitions:

Influence

The potential to shape the attributes, progression, or responses of a being or item, or the shaping force itself.

Ethical Altruistic Leader

A leader who prioritizes ethical behavior and the welfare of others, often acting out of selflessness and concern for the well-being of the group.

Destructive Leader

A leader who exhibits behaviors that result in harm or detriment to their followers or organization.

Personal Agenda

An individual's private objectives or motivations that guide their actions, potentially diverging from their public or stated goals.