The work sheet at the end of July has $5,350 in the Balance Sheet credit column for Accumulated Depreciation. The work sheet at the end of August has $6,700 in the Balance Sheet credit column for Accumulated Depreciation. What was the amount of the depreciation expense adjustment for the month of August?
A) $1,350
B) $6,700
C) $5,350
D) none of the above

Question

Quizplus · Accepted Answer

The increase in Accumulated Depreciation from July to August is $6,700 - $5,350 = $1,350. This means that the company recorded $1,350 of depreciation expense during the month of August. Therefore, the correct choice is A) $1,350.

The Work Sheet at the End of July Has $5,350