3. (LO 1) In the unadjusted trial balance of its worksheet for the year
ended December 31, 2020, Kim Company reported Equipment of
NT$120,000. The year-end adjusting entries require an adjustment
of NT$15,000 for depreciation expense for the equipment. After the
adjusted trial balance is completed, what amount should be shown in
the financial statement columns?
a. A debit of NT$105,000 for Equipment in the statement of
financial position column.
b. A credit of NT$15,000 for Depreciation Expense in the in-
come statement column.
c
c. A debit of NT$120,000 for Equipment in the statement of
financial position column.
d. A debit of NT$15,000 for Accumulated Depreciation-
Equipment in the statement of financial position column.