Question: How is depreciation calculated? C-S/L (C-L)/ S C/S C-S How do you determine the book value of an asset? C- Dep Expense C-S C- Accumulated

  1. How is depreciation calculated?
  1. C-S/L
  2. (C-L)/ S
  3. C/S
  4. C-S

  1. How do you determine the book value of an asset?
  1. C- Dep Expense
  2. C-S
  3. C- Accumulated depreciation
  4. C

  1. Which of the following is a contra-asset?
  1. Dividends
  2. Unearned revenue
  3. Accumulated depreciation
  4. Merchandise Inventory

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