Multiple Choice
A company owns an operational asset acquired on January 1,2006 at a cost of $10,000.It had an estimated useful life of 5 years,no residual value,and was being depreciated on a straight-line basis.On December 31,2007,it was determined that the total useful life would be 4 years.The following adjusting entry (assuming no adjusting entries have been made) for the accounting year ended December 31,2007 should be made (rounded to the nearest dollar) : 
A) Choice 1
B) Choice 2
C) Choice 3
D) Choice 4
Correct Answer:
Verified
Correct Answer:
Verified
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