Homework Answers
Option A is correct.
Explanations:-
Equipment will be recorded and shown at cost in balance sheet i,e $220000
Accumulated depreciation account has been increased by depreciation expenses therefore balance will be $210000($160000 + $50000)
Adjustment entry of charging depreciation for 2017 will be
Debit : Depreciation expenses $50000
Credit: Accumulated depreciation $50000
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