On january 1, abc catering purchased an oven for $5,000. the oven is expected to last five years and have no salvage value. select the adjusting entry made on december 31, to record the depreciation of the oven for one year?

The answers are:

Depreciation Expense                                        1,000

Accumulated Depreciation - Equipment                              1,000

Explanation:

The oven will be depreciated in five years, so the depreciation expense will be $1,000 per year. Depreciation expense account must be debited $1,000 (increasing expense accounts are debited) while Accumulated depreciation - Equipment should be credited $1,000 (decreasing assets accounts are credited).

all of them make sense but, i would have to say ask someone who has been there/or lives there, and/or read recent newspapers from that city.

hope this !

answer: b. false

the staff is a set of five horizontal lines and four spaces which represent a different musical pitch. the lines and the spaces are numbered from bottom to top, the bottom line is the first line and the fifth line is the line on the top. the notes on the top of the staff (fifth line) have a higher pitch than a note at the bottom of the staff.