Patterson Co.’s Depreciation Expense is $20,200 and the beginning and ending accumulated depreciation balances are $150,100 and

Question

lisabon 2012 [21]

3 years ago

5

Patterson Co.’s Depreciation Expense is $20,200 and the beginning and ending accumulated depreciation balances are $150,100 and

$155,100, respectively. What is the cash paid for depreciation?

Business

1 answer:

andreev551 [17] · Answer 1 · 2022-04-07T08:22:37+03:00

Answer: $0

Explanation:

Fron the question, we are informed that Patterson Co.’s Depreciation Expense is $20,200 and the beginning and ending accumulated depreciation balances are $150,100 and $155,100, respectively.

The cash paid for depreciation will be $0. It should be noted that depreciation has to do with the ear and tear of an asset because its usage therefore no cash will be paid for depreciation.