Use the information below for Flora Inc.for 2015 and 2016 to answer the following question. During 2016, Flora Inc.sold equipment with a cost of $30,000 and accumulated depreciation of $25,000.A gain of $3,000 was recognized on the sale of the equipment This was the only equipment sale during the year.
What was depreciation expense for 2016?
A)$ 9,000
B)$16,000
C)$21,000
D)$30,000

Question

Use the information below for Flora Inc.for 2015 and 2016 to answer the following question.  During 2016, Flora Inc.sold equipment with a cost of $30,000 and accumulated depreciation of $25,000.A gain of $3,000 was recognized on the sale of the equipment This was the only equipment sale during the year.
What was depreciation expense for 2016?
A)$ 9,000 
B)$16,000 
C)$21,000 
D)$30,000

Quizplus · Accepted Answer

The Answer of Use the information below for Flora Inc.for 2015 and 2016 to answer the following question.  During 2016, Flora Inc.sold equipment with a cost of $30,000 and accumulated depreciation of $25,000.A gain of $3,000 was recognized on the sale of the equipment This was the only equipment sale during the year.
What was depreciation expense for 2016?
A)$ 9,000 
B)$16,000 
C)$21,000 
D)$30,000

Use the Information Below for Flora Inc