Zoe Dental Implements has gross property,plant and equipment totaling $1.4 million,depreciation expense this year of $200,000,and accumulated depreciation last year of $550,000.What is Zoe's net property,plant and equipment?
A)$1.4 million
B)$1.2 million
C)$550,000
D)$650,000

Question

Quizplus · Accepted Answer

Net property, plant and equipment can be calculated as:
Gross property, plant and equipment - accumulated depreciation
= $1.4 million - ($550,000 + $200,000)
= $650,000. 
Therefore, the correct answer is D).

Zoe Dental Implements Has Gross Property,plant and Equipment Totaling $1