During 2015, equipment was sold for $312,000. The equipment cost $524,000 and had a book value of $288,000. Accumulated Depreciation-Equipment was $1,374,000 at 12/31/14 and $1,470,000 at 12/31/15. Depreciation expense for 2015 was
A) $96,000.
B) $192,000.
C) $332,000.
D) $384,000.
Correct Answer:
Verified
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