Question

During 2021, equipment was sold for $470000. The equipment cost $782000 and had a book value of $439000. Accumulated Depreciation—Equipment was $2062000 at 12/31/20 and $2211000 at 12/31/21. Depreciation expense for 2021 was:

Answer 1

Answer:

$149,000

Step-by-step explanation:

Subtract acc depreciation for 2020 from acc deprecitation in 2021 and it gives you the depreciation expense solely for 2021.