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Net Income for Parton Company for 2014 Includes the Effect

Question 12

Multiple Choice

Net income for Parton Company for 2014 includes the effect of the following transactions involving the sale of fixed assets:
Net income for Parton Company for 2014 includes the effect of the following transactions involving the sale of fixed assets: Purchases of fixed assets during 2014 amounted to $340,000.The Accumulated Depreciation account increased $40,000 during 2014.How much was depreciation expense for 2014? A) $175,000 B) $187,000 C) $197,000 D) $215,000
Purchases of fixed assets during 2014 amounted to $340,000.The Accumulated Depreciation account increased $40,000 during 2014.How much was depreciation expense for 2014?


A) $175,000
B) $187,000
C) $197,000
D) $215,000

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