SlideShare a Scribd company logo
The following information is for X Company for the year:
What was depreciation expense for the year?
Equipment, January 1 $11,250
Equipment, December 31 10,200
Cost of equipment sold 7,150
Purchase of equipment 7,249
Solution
Depreciation expense for the year = Equipment beginning + purchase  - sale of equipment -
equipment end
= 11250Â Â +7249 -7150 -10200
= $ 1,149

More Related Content

More from carold11

The following accounts were taken from ABC CompanySolutionCalculation (1).docx
The following accounts were taken from ABC CompanySolutionCalculation (1).docxThe following accounts were taken from ABC CompanySolutionCalculation (1).docx
The following accounts were taken from ABC CompanySolutionCalculation (1).docx
carold11
 
The fiscal 2012 financial statements of Barney Services shows average.docx
The fiscal 2012 financial statements of Barney Services shows average.docxThe fiscal 2012 financial statements of Barney Services shows average.docx
The fiscal 2012 financial statements of Barney Services shows average.docx
carold11
 
The equity sections from Atticus Group The equity sections from.docx
The equity sections from Atticus Group        The equity sections from.docxThe equity sections from Atticus Group        The equity sections from.docx
The equity sections from Atticus Group The equity sections from.docx
carold11
 
The executive officers of Rouse Corporation have a performance-based c.docx
The executive officers of Rouse Corporation have a performance-based c.docxThe executive officers of Rouse Corporation have a performance-based c.docx
The executive officers of Rouse Corporation have a performance-based c.docx
carold11
 
The Federal Reserve had to resort to non-standard methods to try to st.docx
The Federal Reserve had to resort to non-standard methods to try to st.docxThe Federal Reserve had to resort to non-standard methods to try to st.docx
The Federal Reserve had to resort to non-standard methods to try to st.docx
carold11
 
The EU recently admitted the Eastern European countries- How do you as.docx
The EU recently admitted the Eastern European countries- How do you as.docxThe EU recently admitted the Eastern European countries- How do you as.docx
The EU recently admitted the Eastern European countries- How do you as.docx
carold11
 
The Esposito Import Company had 1 million shares of common stock outst.docx
The Esposito Import Company had 1 million shares of common stock outst.docxThe Esposito Import Company had 1 million shares of common stock outst.docx
The Esposito Import Company had 1 million shares of common stock outst.docx
carold11
 
The energy levels of electrons are related to their- a) Position on t.docx
The energy levels of electrons are related to their-  a) Position on t.docxThe energy levels of electrons are related to their-  a) Position on t.docx
The energy levels of electrons are related to their- a) Position on t.docx
carold11
 
The Electron in a Hydrogen Atom transforms from its n-1 state to its n.docx
The Electron in a Hydrogen Atom transforms from its n-1 state to its n.docxThe Electron in a Hydrogen Atom transforms from its n-1 state to its n.docx
The Electron in a Hydrogen Atom transforms from its n-1 state to its n.docx
carold11
 
The enqueue operation on the Queue ADT adds a new item to the back of (1).docx
The enqueue operation on the Queue ADT adds a new item to the back of (1).docxThe enqueue operation on the Queue ADT adds a new item to the back of (1).docx
The enqueue operation on the Queue ADT adds a new item to the back of (1).docx
carold11
 
The Fed follows the theory of bureaucratic behavior in what sense-.docx
The Fed follows the theory of bureaucratic behavior in what sense-.docxThe Fed follows the theory of bureaucratic behavior in what sense-.docx
The Fed follows the theory of bureaucratic behavior in what sense-.docx
carold11
 
Pay structures Union contracts Wage and price contracts Levels of reve.docx
Pay structures Union contracts Wage and price contracts Levels of reve.docxPay structures Union contracts Wage and price contracts Levels of reve.docx
Pay structures Union contracts Wage and price contracts Levels of reve.docx
carold11
 
Pat ts oints Give all answers to the corret number of significant figu.docx
Pat ts oints Give all answers to the corret number of significant figu.docxPat ts oints Give all answers to the corret number of significant figu.docx
Pat ts oints Give all answers to the corret number of significant figu.docx
carold11
 
Partial balance sheets and additional iformation are listed below for.docx
Partial balance sheets and additional iformation are listed below for.docxPartial balance sheets and additional iformation are listed below for.docx
Partial balance sheets and additional iformation are listed below for.docx
carold11
 
PART ONE- Briefly explain and illustrate how the unemployment rate and.docx
PART ONE- Briefly explain and illustrate how the unemployment rate and.docxPART ONE- Briefly explain and illustrate how the unemployment rate and.docx
PART ONE- Briefly explain and illustrate how the unemployment rate and.docx
carold11
 
Part K (There is no common name for this species-) CHO Spell out the f.docx
Part K (There is no common name for this species-) CHO Spell out the f.docxPart K (There is no common name for this species-) CHO Spell out the f.docx
Part K (There is no common name for this species-) CHO Spell out the f.docx
carold11
 
Part I- Avoid claims rejections A payer may delay or deny payment beca.docx
Part I- Avoid claims rejections A payer may delay or deny payment beca.docxPart I- Avoid claims rejections A payer may delay or deny payment beca.docx
Part I- Avoid claims rejections A payer may delay or deny payment beca.docx
carold11
 
Part B 1- (2 pts-) Write the reaction equation of ammonium ions with s.docx
Part B 1- (2 pts-) Write the reaction equation of ammonium ions with s.docxPart B 1- (2 pts-) Write the reaction equation of ammonium ions with s.docx
Part B 1- (2 pts-) Write the reaction equation of ammonium ions with s.docx
carold11
 
Part A Prepare an income statement and a statement of retained earning.docx
Part A Prepare an income statement and a statement of retained earning.docxPart A Prepare an income statement and a statement of retained earning.docx
Part A Prepare an income statement and a statement of retained earning.docx
carold11
 
Part 3 Your animation should contain at least the following- Translati.docx
Part 3 Your animation should contain at least the following- Translati.docxPart 3 Your animation should contain at least the following- Translati.docx
Part 3 Your animation should contain at least the following- Translati.docx
carold11
 

More from carold11 (20)

The following accounts were taken from ABC CompanySolutionCalculation (1).docx
The following accounts were taken from ABC CompanySolutionCalculation (1).docxThe following accounts were taken from ABC CompanySolutionCalculation (1).docx
The following accounts were taken from ABC CompanySolutionCalculation (1).docx
 
The fiscal 2012 financial statements of Barney Services shows average.docx
The fiscal 2012 financial statements of Barney Services shows average.docxThe fiscal 2012 financial statements of Barney Services shows average.docx
The fiscal 2012 financial statements of Barney Services shows average.docx
 
The equity sections from Atticus Group The equity sections from.docx
The equity sections from Atticus Group        The equity sections from.docxThe equity sections from Atticus Group        The equity sections from.docx
The equity sections from Atticus Group The equity sections from.docx
 
The executive officers of Rouse Corporation have a performance-based c.docx
The executive officers of Rouse Corporation have a performance-based c.docxThe executive officers of Rouse Corporation have a performance-based c.docx
The executive officers of Rouse Corporation have a performance-based c.docx
 
The Federal Reserve had to resort to non-standard methods to try to st.docx
The Federal Reserve had to resort to non-standard methods to try to st.docxThe Federal Reserve had to resort to non-standard methods to try to st.docx
The Federal Reserve had to resort to non-standard methods to try to st.docx
 
The EU recently admitted the Eastern European countries- How do you as.docx
The EU recently admitted the Eastern European countries- How do you as.docxThe EU recently admitted the Eastern European countries- How do you as.docx
The EU recently admitted the Eastern European countries- How do you as.docx
 
The Esposito Import Company had 1 million shares of common stock outst.docx
The Esposito Import Company had 1 million shares of common stock outst.docxThe Esposito Import Company had 1 million shares of common stock outst.docx
The Esposito Import Company had 1 million shares of common stock outst.docx
 
The energy levels of electrons are related to their- a) Position on t.docx
The energy levels of electrons are related to their-  a) Position on t.docxThe energy levels of electrons are related to their-  a) Position on t.docx
The energy levels of electrons are related to their- a) Position on t.docx
 
The Electron in a Hydrogen Atom transforms from its n-1 state to its n.docx
The Electron in a Hydrogen Atom transforms from its n-1 state to its n.docxThe Electron in a Hydrogen Atom transforms from its n-1 state to its n.docx
The Electron in a Hydrogen Atom transforms from its n-1 state to its n.docx
 
The enqueue operation on the Queue ADT adds a new item to the back of (1).docx
The enqueue operation on the Queue ADT adds a new item to the back of (1).docxThe enqueue operation on the Queue ADT adds a new item to the back of (1).docx
The enqueue operation on the Queue ADT adds a new item to the back of (1).docx
 
The Fed follows the theory of bureaucratic behavior in what sense-.docx
The Fed follows the theory of bureaucratic behavior in what sense-.docxThe Fed follows the theory of bureaucratic behavior in what sense-.docx
The Fed follows the theory of bureaucratic behavior in what sense-.docx
 
Pay structures Union contracts Wage and price contracts Levels of reve.docx
Pay structures Union contracts Wage and price contracts Levels of reve.docxPay structures Union contracts Wage and price contracts Levels of reve.docx
Pay structures Union contracts Wage and price contracts Levels of reve.docx
 
Pat ts oints Give all answers to the corret number of significant figu.docx
Pat ts oints Give all answers to the corret number of significant figu.docxPat ts oints Give all answers to the corret number of significant figu.docx
Pat ts oints Give all answers to the corret number of significant figu.docx
 
Partial balance sheets and additional iformation are listed below for.docx
Partial balance sheets and additional iformation are listed below for.docxPartial balance sheets and additional iformation are listed below for.docx
Partial balance sheets and additional iformation are listed below for.docx
 
PART ONE- Briefly explain and illustrate how the unemployment rate and.docx
PART ONE- Briefly explain and illustrate how the unemployment rate and.docxPART ONE- Briefly explain and illustrate how the unemployment rate and.docx
PART ONE- Briefly explain and illustrate how the unemployment rate and.docx
 
Part K (There is no common name for this species-) CHO Spell out the f.docx
Part K (There is no common name for this species-) CHO Spell out the f.docxPart K (There is no common name for this species-) CHO Spell out the f.docx
Part K (There is no common name for this species-) CHO Spell out the f.docx
 
Part I- Avoid claims rejections A payer may delay or deny payment beca.docx
Part I- Avoid claims rejections A payer may delay or deny payment beca.docxPart I- Avoid claims rejections A payer may delay or deny payment beca.docx
Part I- Avoid claims rejections A payer may delay or deny payment beca.docx
 
Part B 1- (2 pts-) Write the reaction equation of ammonium ions with s.docx
Part B 1- (2 pts-) Write the reaction equation of ammonium ions with s.docxPart B 1- (2 pts-) Write the reaction equation of ammonium ions with s.docx
Part B 1- (2 pts-) Write the reaction equation of ammonium ions with s.docx
 
Part A Prepare an income statement and a statement of retained earning.docx
Part A Prepare an income statement and a statement of retained earning.docxPart A Prepare an income statement and a statement of retained earning.docx
Part A Prepare an income statement and a statement of retained earning.docx
 
Part 3 Your animation should contain at least the following- Translati.docx
Part 3 Your animation should contain at least the following- Translati.docxPart 3 Your animation should contain at least the following- Translati.docx
Part 3 Your animation should contain at least the following- Translati.docx
 

Recently uploaded

Leveraging Generative AI to Drive Nonprofit Innovation
Leveraging Generative AI to Drive Nonprofit InnovationLeveraging Generative AI to Drive Nonprofit Innovation
Leveraging Generative AI to Drive Nonprofit Innovation
TechSoup
 
Wound healing PPT
Wound healing PPTWound healing PPT
Wound healing PPT
Jyoti Chand
 
Pollock and Snow "DEIA in the Scholarly Landscape, Session One: Setting Expec...
Pollock and Snow "DEIA in the Scholarly Landscape, Session One: Setting Expec...Pollock and Snow "DEIA in the Scholarly Landscape, Session One: Setting Expec...
Pollock and Snow "DEIA in the Scholarly Landscape, Session One: Setting Expec...
National Information Standards Organization (NISO)
 
How to Add Chatter in the odoo 17 ERP Module
How to Add Chatter in the odoo 17 ERP ModuleHow to Add Chatter in the odoo 17 ERP Module
How to Add Chatter in the odoo 17 ERP Module
Celine George
 
How to Build a Module in Odoo 17 Using the Scaffold Method
How to Build a Module in Odoo 17 Using the Scaffold MethodHow to Build a Module in Odoo 17 Using the Scaffold Method
How to Build a Module in Odoo 17 Using the Scaffold Method
Celine George
 
The basics of sentences session 6pptx.pptx
The basics of sentences session 6pptx.pptxThe basics of sentences session 6pptx.pptx
The basics of sentences session 6pptx.pptx
heathfieldcps1
 
NEWSPAPERS - QUESTION 1 - REVISION POWERPOINT.pptx
NEWSPAPERS - QUESTION 1 - REVISION POWERPOINT.pptxNEWSPAPERS - QUESTION 1 - REVISION POWERPOINT.pptx
NEWSPAPERS - QUESTION 1 - REVISION POWERPOINT.pptx
iammrhaywood
 
Walmart Business+ and Spark Good for Nonprofits.pdf
Walmart Business+ and Spark Good for Nonprofits.pdfWalmart Business+ and Spark Good for Nonprofits.pdf
Walmart Business+ and Spark Good for Nonprofits.pdf
TechSoup
 
clinical examination of hip joint (1).pdf
clinical examination of hip joint (1).pdfclinical examination of hip joint (1).pdf
clinical examination of hip joint (1).pdf
Priyankaranawat4
 
ISO/IEC 27001, ISO/IEC 42001, and GDPR: Best Practices for Implementation and...
ISO/IEC 27001, ISO/IEC 42001, and GDPR: Best Practices for Implementation and...ISO/IEC 27001, ISO/IEC 42001, and GDPR: Best Practices for Implementation and...
ISO/IEC 27001, ISO/IEC 42001, and GDPR: Best Practices for Implementation and...
PECB
 
BÀI TẬP BỔ TRỢ TIẾNG ANH 8 CẢ NĂM - GLOBAL SUCCESS - NĂM HỌC 2023-2024 (CÓ FI...
BÀI TẬP BỔ TRỢ TIẾNG ANH 8 CẢ NĂM - GLOBAL SUCCESS - NĂM HỌC 2023-2024 (CÓ FI...BÀI TẬP BỔ TRỢ TIẾNG ANH 8 CẢ NĂM - GLOBAL SUCCESS - NĂM HỌC 2023-2024 (CÓ FI...
BÀI TẬP BỔ TRỢ TIẾNG ANH 8 CẢ NĂM - GLOBAL SUCCESS - NĂM HỌC 2023-2024 (CÓ FI...
Nguyen Thanh Tu Collection
 
Chapter 4 - Islamic Financial Institutions in Malaysia.pptx
Chapter 4 - Islamic Financial Institutions in Malaysia.pptxChapter 4 - Islamic Financial Institutions in Malaysia.pptx
Chapter 4 - Islamic Financial Institutions in Malaysia.pptx
Mohd Adib Abd Muin, Senior Lecturer at Universiti Utara Malaysia
 
LAND USE LAND COVER AND NDVI OF MIRZAPUR DISTRICT, UP
LAND USE LAND COVER AND NDVI OF MIRZAPUR DISTRICT, UPLAND USE LAND COVER AND NDVI OF MIRZAPUR DISTRICT, UP
LAND USE LAND COVER AND NDVI OF MIRZAPUR DISTRICT, UP
RAHUL
 
Film vocab for eal 3 students: Australia the movie
Film vocab for eal 3 students: Australia the movieFilm vocab for eal 3 students: Australia the movie
Film vocab for eal 3 students: Australia the movie
Nicholas Montgomery
 
What is Digital Literacy? A guest blog from Andy McLaughlin, University of Ab...
What is Digital Literacy? A guest blog from Andy McLaughlin, University of Ab...What is Digital Literacy? A guest blog from Andy McLaughlin, University of Ab...
What is Digital Literacy? A guest blog from Andy McLaughlin, University of Ab...
GeorgeMilliken2
 
The Diamonds of 2023-2024 in the IGRA collection
The Diamonds of 2023-2024 in the IGRA collectionThe Diamonds of 2023-2024 in the IGRA collection
The Diamonds of 2023-2024 in the IGRA collection
Israel Genealogy Research Association
 
How to Create a More Engaging and Human Online Learning Experience
How to Create a More Engaging and Human Online Learning Experience How to Create a More Engaging and Human Online Learning Experience
How to Create a More Engaging and Human Online Learning Experience
Wahiba Chair Training & Consulting
 
C1 Rubenstein AP HuG xxxxxxxxxxxxxx.pptx
C1 Rubenstein AP HuG xxxxxxxxxxxxxx.pptxC1 Rubenstein AP HuG xxxxxxxxxxxxxx.pptx
C1 Rubenstein AP HuG xxxxxxxxxxxxxx.pptx
mulvey2
 
Life upper-Intermediate B2 Workbook for student
Life upper-Intermediate B2 Workbook for studentLife upper-Intermediate B2 Workbook for student
Life upper-Intermediate B2 Workbook for student
NgcHiNguyn25
 
PCOS corelations and management through Ayurveda.
PCOS corelations and management through Ayurveda.PCOS corelations and management through Ayurveda.
PCOS corelations and management through Ayurveda.
Dr. Shivangi Singh Parihar
 

Recently uploaded (20)

Leveraging Generative AI to Drive Nonprofit Innovation
Leveraging Generative AI to Drive Nonprofit InnovationLeveraging Generative AI to Drive Nonprofit Innovation
Leveraging Generative AI to Drive Nonprofit Innovation
 
Wound healing PPT
Wound healing PPTWound healing PPT
Wound healing PPT
 
Pollock and Snow "DEIA in the Scholarly Landscape, Session One: Setting Expec...
Pollock and Snow "DEIA in the Scholarly Landscape, Session One: Setting Expec...Pollock and Snow "DEIA in the Scholarly Landscape, Session One: Setting Expec...
Pollock and Snow "DEIA in the Scholarly Landscape, Session One: Setting Expec...
 
How to Add Chatter in the odoo 17 ERP Module
How to Add Chatter in the odoo 17 ERP ModuleHow to Add Chatter in the odoo 17 ERP Module
How to Add Chatter in the odoo 17 ERP Module
 
How to Build a Module in Odoo 17 Using the Scaffold Method
How to Build a Module in Odoo 17 Using the Scaffold MethodHow to Build a Module in Odoo 17 Using the Scaffold Method
How to Build a Module in Odoo 17 Using the Scaffold Method
 
The basics of sentences session 6pptx.pptx
The basics of sentences session 6pptx.pptxThe basics of sentences session 6pptx.pptx
The basics of sentences session 6pptx.pptx
 
NEWSPAPERS - QUESTION 1 - REVISION POWERPOINT.pptx
NEWSPAPERS - QUESTION 1 - REVISION POWERPOINT.pptxNEWSPAPERS - QUESTION 1 - REVISION POWERPOINT.pptx
NEWSPAPERS - QUESTION 1 - REVISION POWERPOINT.pptx
 
Walmart Business+ and Spark Good for Nonprofits.pdf
Walmart Business+ and Spark Good for Nonprofits.pdfWalmart Business+ and Spark Good for Nonprofits.pdf
Walmart Business+ and Spark Good for Nonprofits.pdf
 
clinical examination of hip joint (1).pdf
clinical examination of hip joint (1).pdfclinical examination of hip joint (1).pdf
clinical examination of hip joint (1).pdf
 
ISO/IEC 27001, ISO/IEC 42001, and GDPR: Best Practices for Implementation and...
ISO/IEC 27001, ISO/IEC 42001, and GDPR: Best Practices for Implementation and...ISO/IEC 27001, ISO/IEC 42001, and GDPR: Best Practices for Implementation and...
ISO/IEC 27001, ISO/IEC 42001, and GDPR: Best Practices for Implementation and...
 
BÀI TẬP BỔ TRỢ TIẾNG ANH 8 CẢ NĂM - GLOBAL SUCCESS - NĂM HỌC 2023-2024 (CÓ FI...
BÀI TẬP BỔ TRỢ TIẾNG ANH 8 CẢ NĂM - GLOBAL SUCCESS - NĂM HỌC 2023-2024 (CÓ FI...BÀI TẬP BỔ TRỢ TIẾNG ANH 8 CẢ NĂM - GLOBAL SUCCESS - NĂM HỌC 2023-2024 (CÓ FI...
BÀI TẬP BỔ TRỢ TIẾNG ANH 8 CẢ NĂM - GLOBAL SUCCESS - NĂM HỌC 2023-2024 (CÓ FI...
 
Chapter 4 - Islamic Financial Institutions in Malaysia.pptx
Chapter 4 - Islamic Financial Institutions in Malaysia.pptxChapter 4 - Islamic Financial Institutions in Malaysia.pptx
Chapter 4 - Islamic Financial Institutions in Malaysia.pptx
 
LAND USE LAND COVER AND NDVI OF MIRZAPUR DISTRICT, UP
LAND USE LAND COVER AND NDVI OF MIRZAPUR DISTRICT, UPLAND USE LAND COVER AND NDVI OF MIRZAPUR DISTRICT, UP
LAND USE LAND COVER AND NDVI OF MIRZAPUR DISTRICT, UP
 
Film vocab for eal 3 students: Australia the movie
Film vocab for eal 3 students: Australia the movieFilm vocab for eal 3 students: Australia the movie
Film vocab for eal 3 students: Australia the movie
 
What is Digital Literacy? A guest blog from Andy McLaughlin, University of Ab...
What is Digital Literacy? A guest blog from Andy McLaughlin, University of Ab...What is Digital Literacy? A guest blog from Andy McLaughlin, University of Ab...
What is Digital Literacy? A guest blog from Andy McLaughlin, University of Ab...
 
The Diamonds of 2023-2024 in the IGRA collection
The Diamonds of 2023-2024 in the IGRA collectionThe Diamonds of 2023-2024 in the IGRA collection
The Diamonds of 2023-2024 in the IGRA collection
 
How to Create a More Engaging and Human Online Learning Experience
How to Create a More Engaging and Human Online Learning Experience How to Create a More Engaging and Human Online Learning Experience
How to Create a More Engaging and Human Online Learning Experience
 
C1 Rubenstein AP HuG xxxxxxxxxxxxxx.pptx
C1 Rubenstein AP HuG xxxxxxxxxxxxxx.pptxC1 Rubenstein AP HuG xxxxxxxxxxxxxx.pptx
C1 Rubenstein AP HuG xxxxxxxxxxxxxx.pptx
 
Life upper-Intermediate B2 Workbook for student
Life upper-Intermediate B2 Workbook for studentLife upper-Intermediate B2 Workbook for student
Life upper-Intermediate B2 Workbook for student
 
PCOS corelations and management through Ayurveda.
PCOS corelations and management through Ayurveda.PCOS corelations and management through Ayurveda.
PCOS corelations and management through Ayurveda.
 

The following information is for X Company for the year- What was dep (2).docx

  • 1. The following information is for X Company for the year: What was depreciation expense for the year? Equipment, January 1 $11,250 Equipment, December 31 10,200 Cost of equipment sold 7,150 Purchase of equipment 7,249 Solution Depreciation expense for the year = Equipment beginning + purchase  - sale of equipment - equipment end = 11250  +7249 -7150 -10200 = $ 1,149