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Mason Corp. has estimated that total depreciation expense for the 2020 calendar year will be $ 240,000, and that 2020 year-end bonuses to employees will
Mason Corp. has estimated that total depreciation expense for the 2020 calendar year will be $ 240,000, and that 2020 year-end bonuses to employees will be $ 480,000. In Masons interim income statement for the six months ended June 30, 2020, what total expense relating to these two items should be reported?
a.$ 720,000
b.$ 360,000
c.$ 0
d.$ 120,000
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