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What would the depreciation expense be for the year with the following information: 2018: Plant assets: 325,000 Accumulated depreciation: (65,000) 2017: Plant assets: 250,000 Accumulated
What would the depreciation expense be for the year with the following information:
2018:
Plant assets: 325,000
Accumulated depreciation: (65,000)
2017:
Plant assets: 250,000
Accumulated depreciation: (60,000)
- Old plant assets costing $25,000 were sold for $10,000 cash when book value was $13,000.
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