Gourmet Shop purchased cash registers on April 1 for $12,000.If this asset has an estimated useful life of four years,what is the book value of the cash registers on May 31?
A) $ 250.
B) $ 3,000.
C) $ 9,000.
D) $11,500.
Correct Answer:
Verified
Q49: Which of the following entries causes an
Q50: Accumulated Depreciation is:
A)An asset account.
B)A revenue account.
C)A
Q51: Which of the following statements regarding depreciation
Q52: The entry to record depreciation is an
Q53: Recently,Bon Appetite Café contracted and paid for
Q55: Accumulated depreciation is:
A)The depreciation expense recorded on
Q56: If an asset was purchased on January
Q57: Prepaid expenses appear:
A)As an expense on the
Q58: Depreciation expense is:
A)Only an estimate.
B)An exact calculation
Q59: An adjusting entry to convert an asset
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