Question 20

Equipment that cost $875000 and had a book value of $389000 was sold for $459000. Data from the comparative balance sheets are:

12/31/18 12/31/17

Equipment $5450000 $4871000

Accumulated Depreciation 1651000 1490000

Depreciation expense for 2018 was

a)$717000.

b) $647000.

c) $100000.

d) $145000.