Equipment, December 31, 2014 $65,000 Equipment, December 31, 2015 $72,000 Accumulated Depreciation, December 31, 2014...
50.1K
Verified Solution
Link Copied!
Question
Accounting
Equipment, December 31, 2014 $65,000
Equipment, December 31, 2015 $72,000
Accumulated Depreciation, December 31, 2014 $39,000
Accumulated Depreciation, December 31, 2015 $30,000
During 2015, the company sold equipment with a cost of $30,000 and accumulated depreciation of $25,000. A gain of $3,000 was recognized on the sale of the equipment.
What was Depreciation Expense for 2015?
Group of answer choices
$16,000
$9,000
$21,000
$30,000
$2,000
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
