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Following is year-end balance sheet information: 12/31/20 1 2/31/19 Plant, Property & Equipment $5,325,000 $4,875,000 Accumulated Depreciation $1,675,000 $1,425,000 Equipment with a cost of $845,000

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Following is year-end balance sheet information: 12/31/20 1 2/31/19 Plant, Property & Equipment $5,325,000 $4,875,000 Accumulated Depreciation $1,675,000 $1,425,000 Equipment with a cost of $845,000 and a book value of $380,000 was sold for $450,000. What is 2020 Depreciation Expense? $250,000 $630,000 $715,000 $785,000

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