The balance in accumulated depreciation on January 1 and December 31 is $15,000 and $19,000, respectively, during a year in which no assets were disposed. Depreciation expense during the year is:

Question

Quizplus · Accepted Answer

The depreciation expense during the year is calculated as the difference between the beginning balance and the ending balance of accumulated depreciation, plus any disposals during the year. As no assets were disposed of during the year, the depreciation expense is calculated as ($19,000 - $15,000) = $4,000. Therefore, the correct answer is C.

The Balance in Accumulated Depreciation on January 1 and December