Table 4.1
True Sandpaper Co.
Balance Sheets
For the Years Ended 2014 and 2015
-The depreciation expense for 2015 is ________. (See Table 4.1)
A) $0
B) $200
C) $50
D) $1,000

Question

Table 4.1
True Sandpaper Co.
Balance Sheets
For the Years Ended 2014 and 2015 
-The depreciation expense for 2015 is ________. (See Table 4.1)
A) $0 
B) $200 
C) $50 
D) $1,000

Quizplus · Accepted Answer

The depreciation expense for 2015 is $200. This is calculated by taking the cost of the asset ($1,000) and dividing it by the useful life of the asset (5 years).

Table 4.1 True Sandpaper Co