Question: T-accounts for depreciation The following information is taken from the accounts of Equipment Ltd. What was the depreciation expense for equipment for the year? Equipment,

T-accounts for depreciation

The following information is taken from the accounts of Equipment Ltd.

Equipment, 1 July 2015 Equipment, 30 June 2016 Accumulated depreciation - equipment,

What was the depreciation expense for equipment for the year?

Equipment, 1 July 2015 Equipment, 30 June 2016 Accumulated depreciation - equipment, 1 July 2015 Accumulated depreciation - equipment, 30 June 2016 Equipment sold during the year - cost price - accumulated depreciation - proceeds $000 2 500 3 900 600 400 900 250 700

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