Mayo CorpHas Estimated That Total Depreciation Expense for the Year Ending

question 38

Multiple Choice

Mayo Corp.has estimated that total depreciation expense for the year ending December 31, 2011 will amount to $300,000, and that 2011 year-end bonuses to employees will total $600,000.In Mayo's interim income statement for the six months ended June 30, 2011, what is the total amount of expense relating to these two items that should be reported?

• A)$0.
• B)$150,000.
• C)$450,000.
• D)$900,000.

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