At the start of the year on January 1, 20X3, Day's Market reports PPE, Gross of $45,000 and Accumulated Depreciation of $18,000. During the year, Day's Market purchased no new PPE and they had an annual depreciation cost of $2,000. How much will Day's Market report in PPE, Net in its balance sheet on December 31, 20X3?

Answer rating: 100% (QA)

To calculate the Property Plant and Equipment PPE Net on the balance sheet of Days Market on Decembe... View the full answer