Three years ago a machine was purchased for 5000 assuming a

Reference no: EM13387879

Three years ago a machine was purchased for $5,000. Assuming a ten-year life and straight line depreciation with a no salvage value, which of the following will appear on the income statement and balance sheet respectively after four years?

a. depreciation expense of $2,000, accumulated depreciation of $2,000.

b. depreciation expense of $500, accumulated depreciation of $2,000.

c. accumulated depreciation of $2,000, depreciation expense of $500.

d. accumulated depreciation of $500, depreciation expense of $2,000.

e. depreciation expense of $1,500, accumulated depreciation of $500.

Reference no: EM13387879

Questions Cloud

Which of the following describes the purpose of : which of the following describes the purpose of depreciation?a.to reflect the change in replacement cost of the

Firm a has 10000 in assets entirely financed with equity : 1. firm a has 10000 in assets entirely financed with equity. firm b also has 10000 in assets but these assets are

What do you believe is the significance of these areas to : what are the major components of a strategic management process? in your view which of these components is the most

Analyze the income statement of eastman kodak write a : each chapter in the textbook contains a continuation of this problem. the objective is to learn how to do a

Three years ago a machine was purchased for 5000 assuming a : three years ago a machine was purchased for 5000. assuming a ten-year life and straight line depreciation with a no

What are the main components of a strategic management : what are the major components of a strategic management process? in your view which of these components is the most

Based on the article by semeilogy et al 2007 why have some : based on the article by semeilogy et al. 2007 why have some researchers recommended redesigning the ethernet networking

For each of the given cases compute point price elasticity : for each of the following cases calculate the point price elasticity of demand and state whether demand is elastic

Using the internet and strayer university databases : using the internet and strayer university databases research starbucksrsquo organizational culture and the key

User Account

All Pages