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 is 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

Amount of the depreciation expense adjustment for the month of August = Accumulated Depreciation at the end of August - Accumulated Depreciation at the end of July = $7,600 - $4,950 = $2,650

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