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A.
True
B.
False
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Ответ:
Ответ:
Your answer should be (B) If i am remembering right
Explanation:
Ответ:
$505,000
Explanation:
Data provided as per the question
Cost = $680,000
Accumulated depreciation =$120,000
Depreciation = $55,000
The computation of amount to be reported at end of year is given below:-
Amounted to be reported at end of year = (Cost - Accumulated depreciation)-Depreciation
= ($680,000 - $120,000) - $55,000
= $560,000 - $55,000
= $505,000