Jones Hospital

Financial Information

December 2009

December 2010

Excess of Revenue Over Expenses

$2,000

$4,000

Accounts receivable

750

950

Accumulated depreciation

1,000

1,500

Permanently Restricted Net Assets

4,500

5000

Net Assets Released from Restriction

7,500

8500

Accrued Expenses

1,500

3,500

Accounts payable

750

750

Based on the information in Table 1, assuming that no assets were disposed of during 2010, the amount of depreciation expense was

A) It is impossible to determine due to the lack of information.

B) $500.

C) $2,500.

D) $1,500.