The adjusted trial balance on the worksheet shows Accumulated Depreciation, $2,000, and Depreciation Expense, $400. What was the balance in the Accumulated Depreciation account before the adjustment?
A) $2,400
B) $1,600
C) $400
D) $2,000

Question

Quizplus · Accepted Answer

The balance in the Accumulated Depreciation account before the adjustment was $1,600. The adjustment of $400 for Depreciation Expense increased the Accumulated Depreciation to $2,000.

The Adjusted Trial Balance on the Worksheet Shows Accumulated Depreciation