Question: O d. Current assets will remain the same QUESTION 31 2 points The Levy Company purchases office furniture on July 1, 2018 for $50,000. The
O d. Current assets will remain the same QUESTION 31 2 points The Levy Company purchases office furniture on July 1, 2018 for $50,000. The furniture is estimated to have a 10 year useful life and a $5,000 salvage value. The entry to record Depreciation for the year ended December 31, 2019 includes: a. A debit to depreciation expense for $2,250 b. A credit to depreciation expense for $4,500 O c A debit to accumulated depreciation for $4,500 Od. A credit to accumulated depreciation for $4,500
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