Question: Based on the information in Table 3-1, assuming that no assets were disposed of during 2010, the amount of depreciation expense was $3,500 $375. $2.500.

Based on the information in Table 3-1, assuming that no assets were disposed of during 2010, the amount of depreciation expense was $3,500 $375. $2.500. $500 Table 3-1 Jones Company Financial Information December 2009 December 2010 Net Income $2,000 $4,000 Accounts receivable 750 950 Accumulated depreciation 1,000 1,500 Common stock 4,500 5000 Paid-in capital 7,500 8500 Retained earnings 1,500 3.500 Accounts payable 750 750

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