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5 July, 18:35

If the beginning balance of the Accumulated Depreciation-Equipment account is $10,000 and an adjusting journal entry for depreciation on the equipment for $2,500 is omitted at the end of the period, Accumulated Depreciation on the income statement will?

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  1. 5 July, 22:31
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    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
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