Multiple Choice
If the book value of an asset is $12,500 and the accumulated depreciation is $3,500,the original cost of the asset is
A) $16,000.
B) $9,500.
C) $9,000.
D) $7,500.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q20: The time an asset is expected to
Q21: Match the terms with the definitions.<br>-The third
Q22: An account used with a related account
Q23: If the debits in the Income Statement
Q24: Match the terms with the definitions.<br>-A form
Q26: The balance sheet reports<br>A) liabilities.<br>B) revenue.<br>C) expenses.<br>D)
Q27: Match the terms with the definitions.<br>-An account
Q28: When an account balance is not affected
Q29: Journalize the necessary year-end adjusting entries
Q30: A contra-asset appears on the income statement.