Multiple Choice
On January 1, 2021, Leardon Inc.purchased equipment for $25,000.The company is depreciating the equipment at the rate of $1,000 per month.At January 31, 2022, the balance in Accumulated Depreciation is:
A) $1,000 debit.
B) $12,000 credit.
C) $13,000 credit.
D) $62,000 debit.
Correct Answer:
Verified
Correct Answer:
Verified
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