Get correct answer general accounting question What's the depreciation expense based on the information below?• Depreciation (percent of sales): 5%•••Revenues: $85,000Cost of goods sold: $45,000Property, plant & equipment: $120,000a. $3,250b. $4,250c. $6,000d. $5,000

Step 1: Definition of Depreciation ExpenseDepreciation expense is the allocation of the cost of a…

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Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter11: Long-term Assets

Section: Chapter Questions

Problem 8PA: Referring to PA7 where Kenzie Company purchased a 3-D printer for $450,000, consider how the...

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What's the depreciation expense based on the information below? • Depreciation (percent of sales): 5% • • • Revenues: $85,000 Cost of goods sold: $45,000 Property, plant & equipment: $120,000 a. $3,250 b. $4,250 c. $6,000 d. $5,000