The amount of accumulated depreciation for the budgeted balance sheet can be obtained from ________.

Question

Quizplus · Accepted Answer

The selling and administrative expenses budget provides the estimated depreciation expense for the budgeted period, and the prior balance sheet provides the beginning balance of accumulated depreciation. By subtracting the beginning balance from the current year's depreciation expense, we can calculate the estimated accumulated depreciation for the budgeted balance sheet. The other options provided do not give us direct information about accumulated depreciation.

The Amount of Accumulated Depreciation for the Budgeted Balance Sheet