Solution-What is the amount of depreciation expense for 2014

What is the amount of depreciation expense for 2014

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Reference no: EM13318451

Property, Plant and Equipment $375,000 $240,000
Less Accumulated Depreciation $105,000 $112,000
The income statement reflected a loss on the sale of equipment of $10,000
Equipment with a cost of $100,000 was sold in 2013. This equipment had accumulated depreciation of $24317
What is the amount of depreciation expense for 2014?

2015
Assets, January 1 $5708

Dividends $1017
Sales of Common Stock during 2012 $974

Net Income $1368
Liabilities, January 1 $3323

Stockholders' Equity at December 31, 2015 is

Reference no: EM13318451

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What is the amount of depreciation expense for 2014

Reference no: EM13318451

Reference no: EM13318451

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