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As of the Beginning of 2019, the Logistics Company Had

Question 10

Multiple Choice

As of the beginning of 2019, the Logistics Company had equipment totaling $1,800,000 which was depreciated at $150,000 per year. If Let's Move makes the appropriate adjusting entry at year end, which of the following is one part of the journal entry that will be made?


A) Debit Equipment for $150,000
B) Credit Depreciation Expense for $150,000
C) Debit Depreciation Expense for $150,000
D) Debit Accumulated Depreciation for $150,000

Correct Answer:

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