The following information is for X Company for the year- What was dep (3).docx

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The following information is for X Company for the year: What was depreciation expense for the year? Solution Hi, Please find the detailed answer as follows: Depreciaton Expense = Opening + Purchases - Sale - Closing =13560+8142-6746-13581 = $1375 Answer is $1375 Thanks. .

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The following information is for X Company for the year:
What was depreciation expense for the year?
Equipment, January 1 $13,560
Equipment, December 31 13,581
Cost of equipment sold 6,746
Purchase of equipment 8,142
Solution
Hi,
Please find the detailed answer as follows:
Depreciaton Expense = Opening + Purchases - Sale - Closing =13560+8142-6746-13581 =
$1375
Answer is $1375
Thanks.

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