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Lorico [155]
3 years ago
12

Accumulated depreciation shows a beginning balance of $9,300 and an ending balance of $10,700. How much depreciation expense was

reported in the current year's income statement
Business
1 answer:
faust18 [17]3 years ago
6 0

Answer:

$1400

Explanation:

Accumulated depreciation is the total depreciation of an asset and is recorded on the balance sheet while the depreciation expense is recorded on the income statement as an expense.

The depreciation expense is the difference between the accumulated depreciation at the end and the accumulated depreciation at the beginning. It is given as:

Depreciation expense = accumulated depreciation at the end - accumulated depreciation at the beginning = $10700 - $9300 = $1400

Depreciation expense = $1400

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1 year ago
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3 years ago
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Bas_tet [7]

Answer:

Check the following explanation

Explanation:

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