Solved

Ace Electronics Bought a New Cash Register for $2,500

Question 50

Multiple Choice

Ace Electronics bought a new cash register for $2,500.Ace originally planned to use the cash register for 4 years and then sell it for $200.After 4 years,Ace had recorded $2,300 of depreciation.If Ace continues to use the cash register,still planning to sell it eventually for $200,then Ace should record:


A) no additional depreciation.
B) $200 of additional depreciation.
C) $575 of additional depreciation.
D) the removal of the cash register from its books because it is fully depreciated.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions