Big Rig Delivery Service has the following plant assets: Communications Equipment: Cost,$3,840 with useful life of 8 years; Delivery Equipment: Cost,$17,712 with useful life of 12 years; and Computer: Cost,$12,960 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 $5,196
B) credit to Depreciation Expense - Equipment of $5,196
C) debit to Accumulated Depreciation - Equipment of $433
D) credit to Accumulated Depreciation - Equipment of $433
Correct Answer:
Verified
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