Ask Me Help Desk

Ask Me Help Desk (https://www.askmehelpdesk.com/forum.php)
-   Investing (https://www.askmehelpdesk.com/forumdisplay.php?f=181)
-   -   Accumulated Depreciation (https://www.askmehelpdesk.com/showthread.php?t=444713)

  • Feb 8, 2010, 05:00 PM
    laceydel275
    Accumulated Depreciation
    Net fixed assets as follows on its Balance sheets for December 31, 2007 and December 31, 2008:
    2007 2008
    Net fixed assets 200,000 250,000
    On it 2008 Income statement, they recorded depreciation expense of $23,000.
    Assume that they had Accumulated depreciation in 2007 of $123,852. If they did not sell any fixed assets in 2008, what would they have recorded as Accumulated depreciation in 2008?
  • Feb 14, 2010, 12:55 PM
    morgaine300

    Please see the guidelines for posting homework:
    https://www.askmehelpdesk.com/financ...-b-u-font.html

    The should be over on the homework boards as well, or at least in accounting. This is not an investing topic.

  • All times are GMT -7. The time now is 10:49 PM.