Which income statement line item had the largest percentage increase from the prior year to the current year? $\begin{array}{lrr}&\text { Current Year } & \text { Prior Year }\
\text { Sales } & \$ 216,000 & \$ 180,000 \
\text { Cost of Goods Sold } & 144,00 C & 108,000 \
\text { Depreciation Expense } & 54,00 C & 36,000 \
\text { Interest Expense } & 3,600 & 9,000
\end{array}$
A)Depreciation Expense
B)Cost of Goods Sold
C)Interest Expense
D)Sales

Question

Quizplus · Accepted Answer

Depreciation Expense increased by 50% from the prior year to the current year (\$36,000 to \$54,000), which is the largest percentage increase among the listed items.

Which Income Statement Line Item Had the Largest Percentage Increase