Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Equipment, December 31, 2014 $65,000 Equipment, December 31, 2015 $72,000 Accumulated Depreciation, December 31, 2014 $39,000 Accumulated Depreciation, December 31, 2015 $30,000 2.5 pts
Equipment, December 31, 2014 $65,000 Equipment, December 31, 2015 $72,000 Accumulated Depreciation, December 31, 2014 $39,000 Accumulated Depreciation, December 31, 2015 $30,000 2.5 pts During 2015, the company sold equipment with a cost of $30,000 and accumulated depreciation of $25,000. A gain of $3,000 was recognized on the sale of the equipment. What was Depreciation Expense for 2015? O $16,000 O $9,000 O $21,000 O $30,000 O $2,000 4.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started