Refer to the following diagram:

Show how the asset would be reported on the company’s balance sheet at the end of 2013.

Transcribed Image Text:

12/31/2011 12/31/2012 12/31/2013 $2,000 $3,000 Book value $4,000 etc. $3,000 $2,000 Accumulated depreciation $1,000 Depreciation expense $1,000 $1,000 $1,000