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Question 21 . Question : The difference between the cost of an asset and the accumulated depreciation for that asset is called
Depreciation Expense Unearned Depreciation Prepaid Depreciation Depreciation Value Book Value
Question 23 . Question : On June 30 , 2011 , Apricot Co . paid $ 5,000 cash for management services to be performed over

Question 21 . Question : The difference between the cost of an asset and the accumulated depreciation for that asset is called

Depreciation Expense Unearned Depreciation Prepaid Depreciation Depreciation Value Book Value

Question 22 . Question :

Based on the following

information , determine the current assets , assuming all accounts

have a normal balance ?

Cash

$ 6,754

Dividends

$ 2,000

Accounts receivable

$ 13,733

Consulting fees earned

$ 13,718 Office supplies

$ 2,625

Rent expense $ 3,673

Land $ 37,153

Salaries expense

$ 6,642

Office equipment

$ 14,535

Telephone expense

$

560

Accounts payable

$ 6,463

Miscellaneous expense

$ 280

Common stock

$ 54,490

Retained Earnings

?

Question 23 . Question : On June 30 , 2011 , Apricot Co . paid $ 5,000 cash for management services to be performed over