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Tina's Event Planning Bought a Computer Worth $4,000 with an Expected

Question 46

Multiple Choice

Tina's Event Planning bought a computer worth $4,000 with an expected life of 4 years and a residual value of $800.What is the adjusting journal entry after the first year?


A)
 Computer 800 Depreciation Expense 800\begin{array}{|l|l|}\hline\text { Computer } & 800 \\\hline \text { Depreciation Expense } & 800\\\hline\end{array}
B)
 Computer 800 Accumulated Depreciation, Computer 800\begin{array} { | c | c | } \hline \text { Computer } & 800 \\\hline \text { Accumulated Depreciation, Computer } & 800 \\\hline\end{array}
C)
 Depreciation Expense 800 Accumulated Depreciation, Computer 800\begin{array} { | c | c | } \hline \text { Depreciation Expense } & 800 \\\hline \text { Accumulated Depreciation, Computer } & 800 \\\hline\end{array}
D)
 Depreciation Expense 800 Computer 800\begin{array}{|l|l|}\hline\text { Depreciation Expense } & 800 \\\hline \text { Computer } & 800\\\hline\end{array}

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