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A Machine Costing $33,000 with an Estimated Salvage Value of $3,000

Question 46

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A machine costing $33,000 with an estimated salvage value of $3,000 is to be depreciated on a straight-line basis over five years. The machine was purchased on April 1, 2009. What year-end depreciation adjusting entry should be made on December 31, 2010?


A) A machine costing $33,000 with an estimated salvage value of $3,000 is to be depreciated on a straight-line basis over five years. The machine was purchased on April 1, 2009. What year-end depreciation adjusting entry should be made on December 31, 2010? A) B) C) D) E) None of the above
B) A machine costing $33,000 with an estimated salvage value of $3,000 is to be depreciated on a straight-line basis over five years. The machine was purchased on April 1, 2009. What year-end depreciation adjusting entry should be made on December 31, 2010? A) B) C) D) E) None of the above
C) A machine costing $33,000 with an estimated salvage value of $3,000 is to be depreciated on a straight-line basis over five years. The machine was purchased on April 1, 2009. What year-end depreciation adjusting entry should be made on December 31, 2010? A) B) C) D) E) None of the above
D) A machine costing $33,000 with an estimated salvage value of $3,000 is to be depreciated on a straight-line basis over five years. The machine was purchased on April 1, 2009. What year-end depreciation adjusting entry should be made on December 31, 2010? A) B) C) D) E) None of the above
E) None of the above

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