A company purchased medical equipment for $100,000 on January 1, 2009. The company determined that the yearly depreciation expense is $10,000. What will be the ending balance in the Accumulated Depreciation - Medical Equipment at December 31, 2012?

Question

Quizplus · Accepted Answer

The ending balance in the Accumulated Depreciation - Medical Equipment at December 31, 2012 will be $40,000. This is because the company has depreciated the equipment by $10,000 per year for the past four years, resulting in a total depreciation expense of $40,000.

A Company Purchased Medical Equipment for $100,000 on January 1