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