Business: If the beginning balance of the accumulated depreciation—equipment account is $10,000 and an adjusting journal entry is recorded for depreciation on the equipment for $2,500, the balance of the accumulated depreciation account after the entry is recorded will be:

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If the beginning balance of the accumulated depreciation—equipment

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03.01.2022

$12500

Explanation:

Since the beginning balance of accumulated depreciation - equipment is $10 000

And an adjusting journal entry during the year was $2500

You must add the adjusting journal entry to the begging balance to get the closing balance of Accumulated Depreciation - equipment:

10000+2500=$12500

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