Multiple Choice
What is the term for the difference between the Equipment account and the Accumulated depreciation account?
A) Market value
B) Carrying value
C) Contra asset
D) Historical cost
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q46: In the case of Unearned revenue,the adjusting
Q84: What type of account is Accumulated depreciation
Q85: Entries that record cash paid out before
Q87: What type of account is Unearned revenue
Q90: A business pays salaries of $140 000
Q91: The end- of- period process starts with
Q92: A business acquires equipment for $140 000
Q93: Pattie's Event Planning Service collects the fees
Q94: The accountant for Noble Jewellery Repair Services
Q155: Contra asset accounts like Accumulated depreciation have