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The December 31, Year 1, worksheet for Albertville Grill showed the following amounts related to the Depreciation Expense account: In the Trial Balance debit column:

The December 31, Year 1, worksheet for Albertville Grill showed the following amounts related to the Depreciation Expense account:

  • In the Trial Balance debit column: $1,745
  • In the Adjustments debit column: $1,125
  • In the Adjusted Trial Balance debit column: $2,870

What is the proper balance in the Depreciation Expense account on January 1, Year 2, after all closing entries for Year 1 have been posted, but before any Year 2 transactions are recorded?

Multiple Choice

$1,870

$1,745

$0

$1,125

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