The work sheet at the end of July has $5,950 in the Balance Sheet credit column for Accumulated Depreciation. The work sheet 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) amount can not be determined
B) $7,600
C) $5,950
D) $1,650

Question

Quizplus · Accepted Answer

The difference in the Accumulated Depreciation balance between July and August should represent the depreciation expense for the month of August. Therefore:
$7,600 (August balance) - $5,950 (July balance) = $1,650
So the amount of the depreciation expense adjustment for the month of August was $1,650, which is option D.

The Work Sheet at the End of July Has $5,950