Choose the best answer. The accumulated building depreciation account has a positive change of $5,000....

80.2K

Verified Solution

Question

Accounting

Choose the best answer. The accumulated building depreciation account has a positive change of $5,000. The beginning balance of accumulated building depreciation was $3,000. There were no capital asset disposals during the year: Issue Options:

The ending balance of accumulated building depreciation is $2,000

Cash flows from operating activities using the indirect method increase by $2,000

The ending balance of accumulated depreciation on the building is $5,000

Cash flows from operating activities using the indirect method increase by $5,000

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students