Advanced Accounting 12th Edition by Joe Ben Hoyle,Thomas Schaefer , Timothy Doupnik

Exercise 18

Philo Company estimates that the amounts for total depreciation expense for the year ending December 31 will be $70,000 and for year-end bonuses to employees will be $140,000. What total amount of expense relating to these two items should Philo report in its quarterly income statement for the three months ended June 30
A) $17,500.
B) $35,000.
C) $52,500.
D) $105,000.