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What alone the company would show

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Reference no: EM132612242

Question 1: Celestin Manufactuing company incurred $10,000 of depreciation on its manufacturing equipment during its first year of operation. During this year, the company made 5000 units of product and sold 2,500 unit of products. Based on this information alone the company would show

  1. $10,000 of depreciation expense on its income statement
  2. $5,000 of cost goods sold expense on its income statement
  3. $10,000 of inventory on its balance sheet
  4. $5,000 of inventory on its balance sheet

Reference no: EM132612242

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