The following extract was taken from the worksheet of Special Events Bakers for the year 2019.

Special Events Bakers

Worksheet

December 31, 2019

Unadjusted Trial Balance Adjusted Trial Balance

Account Names Debit Credit Debit Credit

Cash $ 6,300 $6,300

Equipment 15,600 15,600

Accumulated Depreciation - Equipment $7,700 $ 9,400

For the above information, determine the amount of Depreciation Expense for the equipment used in the business.

Question

Business

Amari Howell

Today, 02:08

The following extract was taken from the worksheet of Special Events Bakers for the year 2019.

Special Events Bakers

Worksheet

December 31, 2019

Unadjusted Trial Balance Adjusted Trial Balance

Account Names Debit Credit Debit Credit

Cash $ 6,300 $6,300

Equipment 15,600 15,600

Accumulated Depreciation - Equipment $7,700 $ 9,400

For the above information, determine the amount of Depreciation Expense for the equipment used in the business.

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Answers (1)

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April Crane · Answer 1

The amount of Depreciation Expense for the equipment used in the business is $1,700

Explanation:

In order to calculate the amount of Depreciation Expense for the equipment used in the business we would have to make the following calculation:

amount of Depreciation Expense for the equipment used in the business = Adjusted Trial Balance-Unadjusted Trial Balance

amount of Depreciation Expense for the equipment used in the business = $ 9,400-$7,700

amount of Depreciation Expense for the equipment used in the business = $1,700

The amount of Depreciation Expense for the equipment used in the business is $1,700