The cash flow statement of the United Company is in process for 2015. The United Company is reporting the following balances:
$\begin{array}{lrrrr}
&12/31/14&12/31/15\
\text { Equipment } & \$ 100,000 & \$ 170,000 \
\text { Loss on sale of equipment } & 0 &10,000 \
\text { Accumulated depreciation-equipment } & 75,000 & 95,000
\end{array}$
During 2015, United sold equipment costing $30,000 for $12,000 and made several purchases of new equipment for cash.
-Depreciation expense for 2015 is
A)$8,000.
B)$20,000.
C)$18,000.
D)$28,000.

Question

The cash flow statement of the United Company is in process for 2015. The United Company is reporting the following balances:
$\begin{array}{lrrrr}
&12/31/14&12/31/15\
\text { Equipment } & \$  100,000 & \$ 170,000 \
\text { Loss on sale of equipment } & 0 &10,000 \
\text { Accumulated depreciation-equipment } & 75,000  & 95,000
\end{array}$
During 2015, United sold equipment costing $30,000 for $12,000 and made several purchases of new equipment for cash.
-Depreciation expense for 2015 is
A)$8,000.
B)$20,000.
C)$18,000.
D)$28,000.

Quizplus · Accepted Answer

The Answer of The cash flow statement of the United Company is in process for 2015. The United Company is reporting the following balances:
$\begin{array}{lrrrr}
&12/31/14&12/31/15\
\text { Equipment } & \$  100,000 & \$ 170,000 \
\text { Loss on sale of equipment } & 0 &10,000 \
\text { Accumulated depreciation-equipment } & 75,000  & 95,000
\end{array}$
During 2015, United sold equipment costing $30,000 for $12,000 and made several purchases of new equipment for cash.
-Depreciation expense for 2015 is
A)$8,000.
B)$20,000.
C)$18,000.
D)$28,000.

The Cash Flow Statement of the United Company Is in Process