Equipment 18000 Acc depreciation equipment 1750 question: Adjustment of depreciation of equipment 2%

Accounting Cycle
Adjustment Journal

Account balance
» Equipment 18.000
» Acc Depreciation Equipment 1.750

Question:
Adjustment of depreciation of equipment 2%

Depreciation of equipment
= 2% × 18.000
= 360

Adjustment Journal
(D) Depreciation Exp of Equipment 360
(C) Acc Depreciation Equipment 360