The adjusted trial balance on the worksheet shows Accumulated Depreciation,$1,200,and Depreciation Expense,$900.What was the balance in the Accumulated Depreciation account before the adjustment?
A)$2,100
B)$300
C)$900
D)$1,200

Question

Quizplus · Accepted Answer

The balance in the Accumulated Depreciation account before the adjustment can be calculated by subtracting Depreciation Expense from the adjusted balance of Accumulated Depreciation. Therefore, balance in Accumulated Depreciation account before adjustment = Adjusted balance of Accumulated Depreciation - Depreciation Expense = $1,200 + $900 = $2,100. However, the question only asks for the balance before adjustment, so the correct answer option is B, $300, which is the balance in Accumulated Depreciation account before the $900 adjustment was made.

The Adjusted Trial Balance on the Worksheet Shows Accumulated Depreciation,$1,200,and