On January 1, 2016, ABC, Inc.purchased a copier for $9,000 cash and decided to depreciate it over 5 years.What amounts associated with the copier will appear on ABC's financial statements for the year ending December 31, 2016? $$\begin{array}{l}
\text {Income Statement }&\text {Statement of Cash Flows }\
\hline a.(\$1,800)&(\$9,000)\
b.(\$1,800)&\$0\
c.(\$9,000)&\$0\
d.\text { None of these choices. }\
\end{array}$$

Question

On January 1, 2016, ABC, Inc.purchased a copier for $9,000 cash and decided to depreciate it over 5 years.What amounts associated with the copier will appear on ABC's financial statements for the year ending December 31, 2016? $$\begin{array}{l}
\text {Income Statement }&\text {Statement of Cash Flows }\
\hline  a.(\$1,800)&(\$9,000)\
b.(\$1,800)&\$0\
c.(\$9,000)&\$0\
d.\text { None of these choices. }\
\end{array}$$

Quizplus · Accepted Answer

The Answer of On January 1, 2016, ABC, Inc.purchased a copier for $9,000 cash and decided to depreciate it over 5 years.What amounts associated with the copier will appear on ABC's financial statements for the year ending December 31, 2016? $$\begin{array}{l}
\text {Income Statement }&\text {Statement of Cash Flows }\
\hline  a.(\$1,800)&(\$9,000)\
b.(\$1,800)&\$0\
c.(\$9,000)&\$0\
d.\text { None of these choices. }\
\end{array}$$