Multiple Choice
Ariel Tax Planning Service has the following plant assets: Communications equipment: Cost,$8,640 with useful life of 8 years; Furniture: Cost,$18,000 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. Ariel's monthly depreciation journal entry will include a ________.
A) debit to Depreciation Expense of $5,940
B) credit to Depreciation Expense of $5,940
C) debit to Accumulated Depreciation of $495
D) credit to Accumulated Depreciation of $495
Correct Answer:
Verified
Correct Answer:
Verified
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