A construction company purchased a new bulldozer for $108,000 on January 1,2019.The company estimates that the bulldozer will have a useful life of nine years and then be worthless.Using the straight-line depreciation method,yearly depreciation expense will be:
A) $0.
B) $12,000.
C) $54,000.
D) $108,000.
Correct Answer:
Verified
Q79: Adjusting entries:
A)are needed for all balance sheet
Q80: _ will be increased when a company
Q81: Which of the following is NOT a
Q82: An accountant failed to record the adjusting
Q83: The Accumulated Depreciation account:
A)is another term for
Q85: The adjustment for an accrued expense:
A)increases expenses
Q86: On December 1 of the current year,Prepaid
Q87: On August 1 of the current year,Trevor
Q88: A journal entry contains a debit to
Q89: On December 31,2019,salaries owed to employees total
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents