Multiple Choice
Big Rig Delivery Service has the following plant assets: Communications Equipment: Cost, $3,840 with useful life of 8 years; Delivery Equipment: Cost, $17,568 with useful life of 12 years; and Computer: Cost, $13,440 with useful life of 4 years. Assume the residual value of all the assets is zero and the straight-line method is used. Big Rig's monthly depreciation journal entry will include a ________.
A) debit to Depreciation Expense - Equipment of $5,304
B) credit to Depreciation Expense - Equipment of $5,304
C) debit to Accumulated Depreciation - Equipment of $442
D) credit to Accumulated Depreciation - Equipment of $442
Correct Answer:
Verified
Correct Answer:
Verified
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