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ryzh [129]
2 years ago
9

The estimated amount of depreciation on office equipment for the current year is $3,500. the correct adjusting entry to journali

ze this depreciation is
Business
1 answer:
Illusion [34]2 years ago
8 0

The correct adjusting entry to journalize this depreciation is a debit to Depreciation Expense for $3,500 and a credit to Accumulated Depreciation for $3,500.

What is a depreciation?

In accounting, this refers to the monetary value of an asset that decreases over time due to use, wear, tear etc.

As we are given that the estimated amount of depreciation on office equipment for the current year is $3,500, then, the correct adjusting entry to journalize this depreciation is a debit to Depreciation Expense for $3,500 and a credit to Accumulated Depreciation for $3,500.

Read more about depreciation

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During periods when the inflation rate fluctuates widely,
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Coca-Cola implemented enterprise software from Oracle that enabled it to achieve all of the following except: standardizing busi
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<h3>What is Oracle?</h3>

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The software used in coca-cola enables the organization to improve the business process with the help of standardization. It enables them to respond to market changes that took place immediately and make implementation based on current trends.

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