Please identity a correct statemel Select one A It will report accounts receivable on the balance sheet at their net realizable value 0. B. It will record bad debts only when an account is determined to be uncollectible C. It will reduce the accounts receivable at the end of the accounting period for estimated uncollectible accounts. D. It violates the matching principle 37 Benjamin, Inc purchased equipment at the beginning of 2017 for $20,000. Benjamin decided to depreciate the equipment over a five-year period using the double declining balance method Benjamin estimated the equipment's residual value at $5,000. Which of the following statements is come concering Benjamin's financial statements at December 31, 2017? Seed one A The book value of the equipment is $12.000 B. The book value of the equipment is $8.000 C. The total accumulated depreciation is $5.000. Depreciation expense for 2017 is $3,000 Please entify the corect definition for depreciation Select one A replacement funds are accumulated for plant and equipment the decline in manat value of plant and equipment is determined and recorded. the cost of plant and equipment is allocated to expense over the time periods which benefit from the use of the asset. D. merence between current market value and historical cost of plant and equipment is determined. For a gwen singe sum ested for four years, how will the future value be affected if the compounding period is changed from quarterly to A The te vecane The evacease The value in 37 yet answered Benjamin, Inc purchased equipment at the beginning of 2017 for $20,000. Benjamin decided to depreciate the equipment over a five-year period using the double-declining balance method. Benjamin estimated the equipment's residual value at 55,000. Which of the following statements is correct concerning Benjamin's financial statements at December 31, 2017? ked out of 2.50 Flag questo Select one A The book value of the equipment is $12,000 B. The book value of the equipment is $8.000 C. The total accumulated depreciation is $5,000 D. Depreciation expense for 2017 is $3,000