Tom's Roadside Burger Stand has a beginning balance in the Accumulated Depreciation-Equipment account of $200,000.The depreciation expense on the equipment for the year was $50,000.At the end of the year,the balance in the Accumulated Depreciation-Equipment account was $140,000.What was the accumulated depreciation on the equipment sold during the year?

Question

Quizplus · Accepted Answer

Accumulated Depreciation,Beg.Balance $200,000 + Depreciation Expense $50,000 - x = Accumulated Depreciation,End.Balance $140,000
x = $110,000

Tom's Roadside Burger Stand Has a Beginning Balance in the Accumulated