Accounting.
Furniture was bought on 1 january 2018 and has a useful economic life of 5 years and zero residual value. The straight line depreciation policy is followed.

Can someone help me how to record them on the Balance Sheet? Thank you.

Depreciation is the residual value of an asset

Explanation:

Depreciation has been appeared in both profit and loss account and Balance sheet  

In profit and loss account it was appeared in the debit side considering the depreciation as an expense and also it will appeared in the asset side of the balance sheet ., it must be deducted from the value of the related asset . since the asset was purchased in the beginning of the year 1 January 2018 and has a useful economic life of 5 years and zero residual value. under straight line depreciation method., the depreciation value can be calculated  as  

Purchase value of the asset/5 years., or

(20 percent of the purchase value of asset)  

100/20 =5 years

answer; whoever is willing and able to pay the price;

the correct choice is a