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:

House of Representatives

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Fourteenth Amendment

An amendment to the U.S. Constitution, ratified in 1868, granting citizenship to all persons born or naturalized in the United States, including former slaves, and guaranteeing all citizens equal protection of the laws.

Abolitionist Movement

A historic movement aimed at ending slavery and the slave trade, prominent in the 18th and 19th centuries, particularly in the United States and Great Britain.

Black Senators

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