Minnow Fish Market has a beginning balancing in the Accumulated Depreciation - Equipment account of $400,000. The accumulated depreciation on equipment sold during the year was $120,000. At the end of the year, the balance in the Accumulate Depreciation - Equipment account was $320,000. What was the depreciation expense on equipment for the year?

Answer rating: 100% (QA)

To find the depreciation expense on equipment for the year we need to calculat... View the full answer