Question: Piano Dynamics Inc. is making an adjusting journal entry on December 31, 2019, for depreciation expense of $4,250 on a specialized warehouse forklift. The forklift

 Piano Dynamics Inc. is making an adjusting journal entry on December

Piano Dynamics Inc. is making an adjusting journal entry on December 31, 2019, for depreciation expense of $4,250 on a specialized warehouse forklift. The forklift cost is in the Warehouse Equipment account and the asset's book value after the adjusting entry will be $53,200. The proper form of the adjusting journal entry for the forklift is Select one: a. 12/31 Warehouse Equipment 4,250 Depreciation Expense 4,250 b. 4,250 12/31 Depreciation Expense Accumulated Depreciation - Warehouse Equipment 4,250 C. O 4,250 53,400 12/31 Depreciation Expense Warehouse Equipment Accumulated Depreciation - Warehouse Equipment Cash 4,250 53,400 d. 4,250 12/31 Depreciation Expense Warehouse Equipment 4,250 e. 12/31 Accumulated Depreciation - Warehouse Equipment 4,250 Warehouse Equipment 4,250

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