multiple choice $1$

add depreciation charges to net income

adjust for gains$/$losses included in the income statement

analyze net changes in noncash balance sheet accounts that impact net income

subtract depreciation charges from net income

Knowledge Check $02$

Assume the Accumulated Depreciation account had beginning and ending balances of $$600$ and $$1,000,$ respectively. Also, assume that the company sold equipment with accumulated depreciation of $$100$ during the period. What was the amount of depreciation charges during the period?

multiple choice $2$

$$300$

$$400$

$$500$