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Information $6,000 coffee equipment - 5 year expected useful life (it depreciates 1/60 every month) Adjusting entries for the month end for a $6,000 coffee equipment. What is the entry for depreciate expense?

a. $60 depreciate expense - debit
b. $60 depreciate expense - credit
c. $100 depreciate expense - debit
e. $100 depreciate expense - credit

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Tundexi

Answer:

c. $100 depreciate expense - debit

Explanation:

Depreciation Expenses Per Month = 1/60*6000

Depreciation Expenses Per Month = $100/month

                  Adjustment Entry

Account Title                          Debit    Credit

Depreciation expenses         $100

Accumulated Depreciation                 $100

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