Question

If the beginning balance of the Accumulated Depreciation—Equipment account is $10,000 and an adjusting journal entry for depreciation on the equipment for $2,500 is omitted at the end of the period, Accumulated Depreciation on the income statement will?

Answer 1

correct answer is $2500

Explanation:

given data

Equipment account = $10,000

equipment = $2,500

to find out

Depreciation on the income statement

solution

Depreciation on income statement will be here $2,500

and here Depreciation expenses $2,500 will not be charge in income

so income increase by $2500

so correct answer is $2500