Daniel Corporation's end-of-period spreadsheet at the end of July has $4,950 in the Balance Sheet Credit column for Accumulated Depreciation.The end-of-period spreadsheet at the end of August has $7,600 in the Balance Sheet Credit column for Accumulated Depreciation.What was the amount of the depreciation expense adjustment for the month of August?
A)$12,550
B)$7,600
C)$4,950
D)$2,650

Question

Quizplus · Accepted Answer

The depreciation expense adjustment for August is the difference between the accumulated depreciation at the end of August and July, which is $7,600 - $4,950 = $2,650.

Daniel Corporation's End-Of-Period Spreadsheet at the End of July Has