During 2008, Geiger Co. sold equipment that had cost $98,000 for $58,800. This resulted in a gain of $4,300. The balance in Accumulated Depreciation-Equipment was $325,000 on January 1, 2008, and $310,000 on December 31. No other equipment was disposed of during 2008. Depreciation expense for 2008 was
A) $15,000.
B) $19,300.
C) $28,500.
D) $58,500.
Correct Answer:
Verified
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