Which of the following is true about the depreciation recorded?
A) Accumulated depreciation will be debited for $266,667.
B) The net book value of the computer system at December 31, 2010 will be $1,225,000.
C) Depreciation expense will be debited for $245,000.
D) The depreciable cost of the computer system is $1,600,000.

Question

Quizplus · Accepted Answer

Depreciation expense is recorded as a debit, and the amount given, $245,000, is the correct figure for the depreciation expense.

Which of the Following Is True About the Depreciation Recorded