If the beginning balance of the Accumulated Depreciation—Equipment account is $10,000 and an adjusting journal entry for depreci ation on the equipment for $2,500 is omitted at the end of the period, Accumulated Depreciation on the income statement will?
2 answers:
Answer:
correct answer is $2500
Step-by-step explanation:
given data
Equipment account = $10,000
equipment = $2,500
to find out
Depreciation on the income statement
solution
Depreciation on income statement will be here $2,500
and here Depreciation expenses $2,500 will not be charge in income
so income increase by $2500
so correct answer is $2500
Answer:
$2500
Step-by-step explanation:
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