Multiple Choice
A piece of equipment cost $1,000 and has a salvage value of $200.If it has an 8-year life,the annual depreciation expense under straight-line depreciation would be:
A) $125.
B) $100.
C) $200.
D) $800.
Correct Answer:

Verified
Correct Answer:
Verified
Q15: Respectively, Inventory, Accounts Receivable, and Accounts Payable
Q31: The post-closing accounting equation is:<br>A)assets = liabilities
Q45: It does not matter when a fiscal
Q58: All financial statements must have, in order,
Q58: If Bloom company records revenue when cash
Q59: The post-closing trial balance is a listing
Q61: Revenues, expenses and Dividends are called permanent
Q86: Recording the collection of three months of
Q98: Dividends paid and net losses are:<br>A)additions to
Q105: Recording Unearned Subscriptions Revenue would be an