Tamara Company purchased a machine on January 1, 2015. Annual depreciation is $800. At December 31, 2017, the balance in the accumulated depreciation account, after adjustment should be:

A. $3,200
B. $1,600
C. $800
D. $2,400

Ans: D. $2,400

Business

You might also like to view...

Monetary policy affects interest rates but has little effect on inflation or business cycles

Indicate whether the statement is true or false

Business

Which of the following topics is not required by the Securities and Exchange Commission to be included in the Management Discussion and Analysis section?

A) liquidity B) summary of significant accounting policies C) capital resources D) off balance sheet arrangements

Business