10 July, 18:37

Stear Corp. bought a machine on January 1, 2012 for $30,000. The company follows a policy of depreciating assets at 5 percent each year. What will be the closing credit total of the Accumulated depreciation account after the first year?

A. 3,000 B. 1,500 C. 27,000 D. 28,500

Answers (1)

Know the Answer?

Not Sure About the Answer?

Find an answer to your question 👍 “Stear Corp. bought a machine on January 1, 2012 for $30,000. The company follows a policy of depreciating assets at 5 percent each year. ...” in 📗 Mathematics if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.

Search for Other Answers

Stear Corp. bought a machine on January 1, 2012 for $30,000. The company follows a policy of depreciating assets at 5 percent each year. What will be the closing credit total of the Accumulated depreciation account after the first year?A. 3,000 B. 1,500 C. 27,000 D. 28,500

Stear Corp. bought a machine on January 1, 2012 for $30,000. The company follows a policy of depreciating assets at 5 percent each year. What will be the closing credit total of the Accumulated depreciation account after the first year?

A. 3,000 B. 1,500 C. 27,000 D. 28,500