For accounting purposes, the business entity should be considered ...

[kaid0807]

For accounting purposes, the business entity should be considered separate from its owners if the entity is
 a. a corporation
  b. a proprietorship
  c. a partnership
  d. any of these

Question 2

The parks and recreation department, which is accounted for within the General Fund, purchased a new athletic field mower at a cost of 25,000 . The mower has an estimated useful life of 5 years.
 
  The General Fund would report depreciation expense at the end of Year 2 in the amount of
  A. 0.
  B. 5,000.
  C. 10,000.
  D. 25,000.

[karlss]

Answer to Question 1

d

Answer to Question 2

A

[kaid0807]

TYSM

[kishoreddi]

Excellent