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How much was depreciation expense

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Question - On January 1, 2020, the Accumulated Depreciation-Machinery account of Company A, Inc. showed a balance of $828,000. At the end of 2020, after the adjusting entries were posted, it had a balance of $983,000. During 2020, one of the machines that cost $255,000 was sold for $107,000 cash. This resulted in a gain of $14,000. Assuming that no other assets were disposed of during the year, how much was depreciation expense for 2020?

Reference no: EM133134673

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