Reference no: EM132492530

The unadjusted trial balance as of December 31, 2021, for the Bagley Consulting Company appears below. December 31 is the company's reporting year-end.

Account TitleDebits Credits

Cash13,150

Accounts receivable7,250

Prepaid insurance2,900

Land205,000

Buildings55,000

Accumulated depreciation-buildings 22,000

Office equipment87,000

Accumulated depreciation-office equipment 34,800

Accounts payable 28,150

Salaries payable 0

Deferred rent revenue 0

Common stock 220,000

Retained earnings 46,050

Service revenue 79,000

Interest revenue 3,800

Rent revenue 4,500

Salaries expense30,000

Depreciation expense0

Insurance expense0

Utilities expense20,200

Maintenance expense17,800

Totals438,300 438,300

Information necessary to prepare the year-end adjusting entries appears below.

1. The buildings have an estimated useful life of 50 years with no salvage value. The company uses the straight-line depreciation method.
2. The office equipment is depreciated at 10 percent of original cost per year.
3. Prepaid insurance expired during the year, $1,450.
4. Accrued salaries at year-end, $1,150.
5. Deferred rent revenue at year-end should be $700.

Question 1: What is the accumulated depreciation - office equipment?