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Mayo CorpHas Estimated That Total Depreciation Expense for the Year Ending

Question 38

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Mayo Corp.has estimated that total depreciation expense for the year ending December 31, 2011 will amount to $300,000, and that 2011 year-end bonuses to employees will total $600,000.In Mayo's interim income statement for the six months ended June 30, 2011, what is the total amount of expense relating to these two items that should be reported?


A) $0.
B) $150,000.
C) $450,000.
D) $900,000.

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