Omega Company adjusts its accounts at the end of each month. The following infor

Question

Omega Company adjusts its accounts at the end of each month. The following information has been assembled in order to prepare the required adjusting entries at December 31: Depreciation of office equipment is based on an estimated useful life of six years. The balance in the Office Equipment account is $15,840; no change has occurred in the account during the year.

By what amount will the book value of the office equipment decline after the appropriate December adjustment is recorded?

By what amount will the book value of the office equipment decline after the appropriate December adjustment is recorded?

Explanation / Answer

decrease by 9800

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