Gomez Company purchases a piece of equipment on Jan. 2, 2014, for $30,000. The equipment has an estimated life of eight years or 50,000 units of production and an estimated residual value of $3,000. Lester uses a calendar fiscal year. The entry to record the amount of depreciation for 2014, using the production method and assuming 8,000 units are produced, is
A) debit to Depreciation Expense, 4,000; credit to Cash, 4,000.
B) debit to Cash, 4,160; credit to Accumulated Depreciation, 4,160.
C) debit to Depreciation Expense, 4,320; credit to Accumulated Depreciation, 4,320.
D) debit to Depreciation Expense, 4,800; credit to Accumulated Depreciation, 4,800.
C
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Name at least three components of an effective or healthy work climate.
What will be an ideal response?
Under the indirect method of preparing the statement of cash flows, add backs to net income include all of the following except:
a. depreciation expense b. deferred tax expense c. gains on sale of equipment d. share-based compensation
While reporting correlation and regression, sample size is included on the graph in the footnote if:
A. the overall sample size in the report is similar to the sample size used in the correlation analysis. B. the sample size used in the correlation analysis is different from the overall sample size reported in the methodology section of the report. C. standardized betas are used to portray the strength of the relationship between the sample size used in the correlation analysis and the overall sample size in the report. D. a certain regression technique is applied that estimates the impact of sample size used in the correlation analysis on the overall sample size in the report. E. the overall sample size and the interpretation of the table are not included in methods-and-procedures section of the report.
When it is most likely to be successful?
What will be an ideal response?