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Equipment, December 31, 2014 $65,000 Equipment, December 31, 2015 $72,000 Accumulated Depreciation, December 31, 2014...

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Question

Accounting

Equipment, December 31, 2014 $65,000

Equipment, December 31, 2015 $72,000

Accumulated Depreciation, December 31, 2014 $39,000

Accumulated Depreciation, December 31, 2015 $30,000

During 2015, the company sold equipment with a cost of $30,000 and accumulated depreciation of $25,000. A gain of $3,000 was recognized on the sale of the equipment.

What was Depreciation Expense for 2015?

Group of answer choices

$16,000

$9,000

$21,000

$30,000

$2,000

Answer & Explanation Solved by verified expert
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