How much did jakes accountant allocate for the depreciation

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Reference no: EM13392775

Jake Smith opened his Balinese coffee shop business in downtown Boise on January 1st 2010. On December 31st, 2010, he sat down with his accountant to figure out how his business had done in its first year and heaved a sigh of relief when his accountant reported that his EBT came to $20,000. Revenues, at $1,050,000 looked good. His expenses were as follows:

Salaries and benefits paid to employees $210,000

Jake's own salary $100,000

Supplies (coffee, tea, milk, pastries, etc.) $620,000

Cost of Restaurant grade coffee machine $30,000

Miscellaneous operating costs $44,000

Interest on loan $12,000

How much did Jake's accountant allocate for depreciation and amortization?

a. $44,000

b. $14,000

c. $4,000

d. $0.00

Reference no: EM13392775

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