A machine costing $ 45,000 has a life of 8 years. The salvage value is...
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Accounting
A machine costing $ 45,000 has a life of 8 years. The salvage value is $ 12,000. It was purchased on February 1. The depreciation expense for the calendar year is: (Do not round any intermediary calculations. Round your final answer to the nearest dollar.)
A. $ 469
B. $ 3,781
C. $ 344
D. $ 5,156
The adjusted trial balance proves that:
A. the balance of the adjusted trial balance is correct.
B. all adjusting entries have been recorded correctly.
C. debit totals equal credit totals.
D. no adjusting entry has been entered twice.
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