Multiple Choice
Mayo Corp. has estimated that total depreciation expense for the year ending December 31, 2015 will amount to $450,000, and that 2015 year-end bonuses to employees will total $900,000. In Mayo's interim income statement for the six months ended June 30, 2015, what is the total amount of expense relating to these two items that should be reported?
A) $0.
B) $225,000.
C) $675,000.
D) $1,350,000.
Correct Answer:

Verified
Correct Answer:
Verified
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